DASH/USD bulls take over the market - Technical Analysis
|- DASH/USD bulls take over the market as the price sees a jump by 4% from $80.50 to $84.
- Bulls have the chance to break past resistance at $87.50 which has not been breached in over a month.
DASH/USD bulls have taken over the market as the price sees a jump by 4% from $80.50 to $84. If the uptrend continues, then DASH/USD can break past resistance at $87.50 which has not been breached in over a month.
DASH/USD daily chart
- Daily chart sees a bullish breakout from the triangle formation.
DASH/USD 4-hour chart
- Bulls breached past $80.50 resistance and carried enough momentum to move towards the $87.50 resistance line.
- The bears took over in the last session and stalled the upward momentum.
DASH/USD hourly chart
- The last two sessions are floating above the 20-day Bollinger band which shows a bullish market despite the previous session being bearish.
- The moving average convergence/divergence (MACD) indicator shows a bullish market.
Key Levels
- Resistance 3: $91.2184
- Resistance 2: $86.7976
- Resistance 1: $83.6480
- Pivot Point: $79.2272
- Support 1: $76.0776
- Support 2: $71.6568
- Support 3: $68.5072
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.