Dash price analysis: Has it broken out already? Next few days critical
- Triangle breakout visible on the daily.
- Sustainance key for a bigger rally.
Dash price, which has been making triangle pattern for a while, seems to have broken out of the same through this week and now all that matters is sustaining these levels for next few days before a bigger price move takes shape.
DASH/USD is up more than 6 percent at $302 on Saturday, after breaking out of the triangle pattern earlier this week when most other cryptos largely been stable or crawled up gradually.
On the intra day basis, resistance now stands right where the price is - $302, a horizontal trendline resistance that the price has been facing, crossover would result in further gains towards $310 and $315. Support firmly placed at $285 and $277 levels. Dash needs to sustain above $285 to sustain the breakout and head towards bigger price move.
DASH/USD daily chart:
DASH/USD intra day 15-minute chart:
Author
Manoj B Rawal
Independent Analyst
Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.
