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Crypto Technicals: DASH/USD finds strong support at 154, break below to open up downside
DASH/USD chart - Trading View
Exchange - Binance
Support: 154 (converged cloud top and 50-DMA); Resistance: 210 (55W EMA)
Technical Analysis: Bias turning bearish
DASH/USD was rejected at 55W EMA which is stiff resistance at 210.
The pair is trading in the red for the second straight session, bias is turning bearish.
5-DMA has turned and Stochs and RSI are showing a rollover from overbought levels.
'Bearish Divergence' on RSI and Stochs on the daily charts keeps scope for weakness.
Strong support is seen at 154 (converged cloud top and 50-DMA), break below opens up downside for the pair.
Next major support lies at 21W EMA at 137.8173 ahead of 50% Fib at 133.8275.
Resistance are located at 173.5963 (5-DMA), 182 (Upper BB), 210. Break above 55W EMA (210) required for further upside.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.