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Crypto Technicals: DASH/USD breaks trendline resistance at 129.55, rising volatility with surge in volumes supports further upside

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.]

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