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DASH/USD chart - Trading View
Exchange - Kraken
Support: 113.03 (55-EMA); Resistance: 172.26 (23.6% Fib)
Technical Analysis: Bias Bullish
DASH/USD trades 6.55% higher on the day at 140.30 at 1200 GMT
The pair has broken above strong trendline resistance at 129.55
Rising volatility as indicated by widening BBs along with surge in volumes supports further upside
Stochs and RSI are sharply higher and DMI and CCI indicators support gains
Further, a 'Golden Cross' formation (bullish 50-DMA crossover on 200-DMA) adds to the bullish bias
Scope for test of 23.6% Fib retracement at 172.26 on continued momentum
55-EMA is strong support at 113. Break below could see dip till 200-DMA at 97
Violation at 200-DMA negates any bullish bias
[Correction: Support and Resistance values have been corrected.]
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
