DASH/USD Price Analysis: Bulls pull price above SMA 20 curve
- DASH/USD went up from $114.50 to $119.38 this Wednesday.
- In the process, the market gained 4.25%.
DASH/USD gained 4.25% in value as its price went up from $114.50 to $119.37 this Wednesday. In the process, the bulls managed to pull the price above the 20-day simple moving average (SMA 20) curve.
DASH/USD Daily Price
- The DASH/USD market has had a bullish breakout from a triangle formation.
- With the latest sessions, DASH/USD is trending above the SMA 20, SMA 50, and SMA 200 curves.
- The last session also took the price back into the top half of the 20-day Bollinger band.
- The relative strength index (RSI) indicator is trending around 55.55.
- The signal line is about to converge with the MACD line showing decreasing bearish momentum.
- The last two sessions of the Elliot wave curve are bullish following nine consecutive bearish sessions.
Author
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
