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Crypto Technicals: DASH/USD capped between major moving averages, breakout to provide clear directional bias

Tue, 11 Jun 2019, 08:49 am UTC

DASH/USD chart - Trading View

Exchange - Binance

Support: 140.78 (50-DMA); Resistance: 150.91 (21-EMA)

Technical Analysis: Bias Neutral

DASH/USD has bounced off 50-DMA support, bias neutral to slightly slightly bearish.

The pair is consolidating previous sessions' gains, trades slightly lower at 149.05 at 07:50 GMT.

Price action remains capped between 21-EMA and 50-DMA, sideways grind likely.

Major trend remains higher. Breakout on either side will provide a clear directional bias.

Stochs are in oversold territory, but no major signs of reversal seen. 'Bearish divergence' on Stochs and RSI keeps scope for further downside.

Break below 50-DMA will see dip till 110-EMA at 128. Break above 21-EMA eyes 170 mark.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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