Crypto Technicals: DASH/USD edges above 21-EMA, 'Bullish Divergence' raises scope for upside

DASH/USD chart - Trading View

Exchange - Kraken

Support: 83.602 (5-DMA); Resistance: 96.713 (50-DMA)

Technical Analysis: Bias turning slightly bullish

DASH/USD consolidates break above 21-EMA, trades 1.16% lower at 86.509 at 09:30 GMT.

The pair has paused upside after 2 straight sessions of gains, bias has turned slightly bullish.

Major trend is bearish, but bullish RSI divergence raises scope for further gains.

Price action has edged above 21-EMA and 5-DMA is showing a slight turn.

Stochs are showing a rollover from oversold levels and MACD shows bullish crossover on signal line.

Upside continuation will see test of 50-DMA at 96.705 ahead of 23.6% Fib at 103.728.

Failure to hold above 21-EMA will see retest of 78 levels.

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