Author

Topic: Dash Daily Chart Technical Analysis (Read 72 times)

newbie
Activity: 37
Merit: 0
March 12, 2018, 09:38:10 AM
#1
Our preference: The bias is positive as prices are hovering near trend line resistance

Alternative scenario: prices could move lower on a break below trend line support at 437 and test the February lows at 371.

Support

Trend line support at 444

Resistance

The 50-day moving average at 632

Comment: Prices are forming a bottom and are hovering just below resistance at 543.  A close above resistance at a downward sloping trend line at 570. Momentum is neutral, but turning positive as the MACD histogram prints in the red with an upward sloping trajectory which points to consolidation.

Target: 770

To view chart picture: https://www.interactivecrypto.com/daily-technical-analysis-ltc-bitcoin-cash-dash-3-12-2018?source=organic
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