Regulatory Series on Series: US Senate Foresees Budding Technology & Digital Dollar To Play Crucial Role In Economic Competition
Digital Currency Revolution Series: Bitcoin Reclaims $10k Mark, FxWirePro’s Long Hedges On Its Functionality
Digital Currency Revolution Series: Travala.com Partners With Expedia Group For Cryptocurrency-Based Travel Booking
FxWirePro: EUR/GBP recovery capped at 21-EMA, sideways grind likely as markets await BoE policy decision
Digital Currency Revolution Series: ETH/USD Bulls Uproar Ahead Of Ethereum 2.0 Testnet, Uphold Long Hedges
FxWirePro: USD/JPY rangebound, US ADP Employment Change and ISM Non-Manufacturing PMI in focus for further impetus
Crypto Technicals: DASH/USD capped below 50-DMA, 'Bullish Divergence' keeps scope for upside
DASH/USD chart - Trading View
Exchange - Kraken
Support: 87.48 (21-EMA); Resistance: 93.355 (50-DMA)
Technical Analysis: Bias Neutral
DASH/USD has halted 2 straight sessions of downside and was trading 1.84% higher at 90.64 at 09:10 GMT.
Major trend is bearish, but bias on the intraday charts is turning slightly bullish. RSI is above 50 and Stochs are biased higher.
'Bullish divergence' on RSI and Stochs keeps scope for upside. MACD and ADX also support gains.
The pair remains capped below 50-DMA which is offering stiff resistance at 93.355.
Breakout at 50-DMA will confirm further gains. Next major resistance lies at daily cloud at 100.229 ahead of 23.6% Fib at 103.728.
21-EMA is strong support at 87.485. Break below will see dip till 77.804 (Sept 6 low).