Dash is starting to pull back from its strong rally and is testing support at the short-term rising trend line. This lines up with the 38.2% Fibonacci retracement level that is holding as support.
If this keeps up, price could resume the rally to the swing high around $85 or higher. The 100 SMA is safely above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse.
Still, a larger correction could find its way to the 50% level just below the $80 mark or the 61.8% level at $77.80. The 200 SMA dynamic inflection point might be the line in the sand for a correction as a break below this could indicate that a reversal from the uptrend is happening.
RSI seems to be turning higher after dipping close to the oversold region. This suggests that buyers could be ready to return and push for more gains. Stochastic is on the move up already to indicate that bullish pressure is in play.

Dash just launched real-time transparency for portfolio trading, likely piquing the interest of retail and institutional traders again.
According to the press release, “The new tools are available natively in Dash360, the firm’s award-winning, web-based platform that provides order-to-execution level transparency, detailing and visualizing exchange fees, and providing venue controls, routing analysis and performance reporting.”
Jennifer Hubbs, Co-Head of Dash’s Portfolio Trading Solutions Group, said:
“Our team has worked for many years with investment professionals on their portfolio execution challenges, and invariably the struggles come back to shortcomings around transparency, performance and control.”
Furthermore, she explained that this new solution simplifies and visualizes in real-time the huge amount of data these traders are parsing to help them focus only on outliers and other special situations.
The post Dash (DASHUSD) Technical Analysis: More Bulls to Charge on This Pullback? appeared first on Crypto Crimson .

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