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Crypto Technicals: DASH/USD retraces dip below 5-DMA, eyes trendline at 183.30

Wednesday, May 29, 2019 12:01 PM UTC

DASH/USD chart - Trading View

Exchange - Binance

Support: 151.67 (21-EMA); Resistance: 183.30 (Trendline)

Technical Analysis: Bias Bullish

DASH/USD retraces dip below 5-DMA, bias is bullish.

The pair is trading 1.19% lower on the day at 166.48 at 11:55 GMT.

Stochs and RSI are in overbought territory, but no major signs of weakness seen.

21-EMA is strong support. 5-DMA and 21-EMA are upward sloping.

A 'Golden Cross' formation keeps scope for upside, next bull target lies at 183.30 (trendline resistance).

Break below 21-EMA could see dip till 50-DMA at 132.45. Bullish invalidation below 200-DMA.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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Crypto Technicals: DASH/USD retraces dip below 5-DMA, eyes trendline at 183.30

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