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Crypto Technicals: DASH/USD holds 21-EMA support; On verge of upside resumption?

Tuesday, April 16, 2019 10:22 AM UTC

DASH/USD chart - Trading View

Exchange - Kraken

Support: 117.36 (21-EMA); Resistance: 135 (trendline)

Technical Analysis: Bias Turning Bullish

- DASH/USD is trading above 200-DMA (last in Mar 2018)
- Short-term group of averages moves above the longer-term group in 'Gruppy Multiple Moving Average' indicator suggesting a possible shift in trend
- Price action on daily charts is holding support at 21-EMA (currently at 117.34)
- Break above 5-DMA with a turn in the direction could see minor upside till 135 (trendline)
- Slip below 21-EMA could see weakness till 200-DMA. Violation at 200-DMA negates bullish bias

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

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Crypto Technicals: DASH/USD holds 21-EMA support; On verge of upside resumption?

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