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DASH/USD chart - Trading View
Exchange - Kraken
Support: 94.86 (Lower BB); Resistance: 115.10 (200-DMA)
Technical Analysis: Bias Bearish
DASH/USD has resumed weakness after brief pause on Wednesday's trade.
The pair trades with a bearish bias with GMMA indicators showing both short and long term MAs sloping downward.
Unsuccessful attempts by bulls to pull the pair back above 200-DMA further reinforces bearish bias.
Stochastics RSI is showing a rollover from overbought levels and momentum studies are bearish.
Dip till lower Bollinger band at 94.86 likely. Next major supports align at 95.40 (trendline) and 93.10 (78.6% Fib).
5-DMA is immediate resistance at 106.53. Decisive breakout at 200-DMA negates bearish bias.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
