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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.]

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

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July 2 15:00 UTC Released

DKCurrency Reserves

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449.6 Stale

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451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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48.6 %

January 31 00:00 UTC 818787818787m

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January 22 19:00 UTC 830607830607m

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-1541 %

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 830607830607m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 818787818787m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 818787818787m

ARAnnual Primary Balance*

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2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 818787818787m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

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