Cryptocurrency Derivatives Series: Bitcoin Reclaims $7.5k But Flirts With Stiff Resistance – Options Analytics To Hedge
Crypto-Technical Series: Bitcoin Staged For 8th Consecutive Weeks’ Rallies, Long Hedges As BTC Reclaims $10k With Resounding Engulfing
Blockchain Revolution Series: California-Based Berry Producer Associates With IBM For Blockchain-Based Food Tracking System
Cryptocurrency Derivatives Series: Block-Halving & Open Interest Factors Drive Bitcoin Price To $10k Trajectory, Long Hedges Intact
Digital Currency Revolution Series: Quick Glance At Interest-Bearing Accounts For Holding Bitcoin On ‘Blockchain.com’
Cryptocurrency Derivatives Series: Uphold BTC Long Hedges As Bitcoin On Verge Of 7th Consecutive Weeks Rallies Breakout Stiff Resistance
Digital Currency Revolution Series: A Glimpse At Scope For Potential Digital Forms Of Euro, Dollar & Yuan Amid Pandemic Covid-19 Crisis
Crypto Technicals: DASH/USD capped between major EMAs, breakout to provide clear directional bias
DASH/USD chart - Trading View
Exchange - Binance
Support: 140.78 (50-DMA); Resistance: 150.91 (21-EMA)
Technical Analysis: Bias Neutral
DASH/USD has bounced off 50-DMA support, bias neutral to slightly slightly bearish.
The pair is consolidating previous sessions' gains, trades slightly lower at 149.05 at 07:50 GMT.
Price action remains capped between 21-EMA and 50-DMA, sideways grind likely.
Major trend remains higher. Breakout on either side will provide a clear directional bias.
Stochs are in oversold territory, but no major signs of reversal seen. 'Bearish divergence' on Stochs and RSI keeps scope for further downside.
Break below 50-DMA will see dip till 110-EMA at 128. Break above 21-EMA eyes 170 mark.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.