Crypto Technicals: DASH struggles to extend gains, 'Bearish Divergence' on RSI and Stochs keeps bias lower

DASH/USD chart - Trading View

Exchange - Binance

Support: 137.86 (50-DMA); Resistance: 153.13 (21-EMA)

Technical Analysis: Bias Bearish

DASH/USD trades rangebound, struggles to extend previous session's gains.

'Bearish Divergence' on RSI and Stochs keeps bias lower.

RSI is below 50 and momentum bearish. Bearish 5-DMA crossover on 20-DMA keeps bias lower.

Major trend on weeklies as indicated by GMMA is still bearish and 'Doji' formation on the previous week's candle dents upside.

That said, 50-DMA is strong support and 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) limits downside.

Break below 50-DMA will see dip till daily cloud.Violation there could take the pair to 200-DMA support.

Bounce off 50-DMA support could see resumption of upside. Immediate resistance lies at 20-DMA at 159.21.

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