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DASH/USD: Bears and bulls exchange blows in the last two sessions - Technical Analysis

  • The bears and bulls have been trading blows for the last two sessions over the DASH/USD market.
  • Critical support exists at $80.75

DASH/USD bears and bulls have been exchanging blows in the last two sessions. The bulls need to fortify the critical $80.75 support line to prevent further downward movement.

DASH/USD daily chart

  • The latest session is bullish but below the upper band of the 20-day Bollinger as the market becomes more volatile.

DASH/USD 4-hour chart

  • The DASH/USD market sees strong and critical support at $80.75 which was used as a springboard to the latest breakout.

DASH/USD hourly chart

  • Bullish breakout from the latest bearish flag

Key Levels

  • Resistance 3: $90.6712
  • Resistance 2: $87.4085
  • Resistance 1: $85.3547
  • Pivot Point: $82.0921
  • Support 1: $80.0383
  • Support 2: $76.7756
  • Support 3: $74.7218

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
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