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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).
 

By Anupama Grandhi
  • Market Data
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