DASH Price Prediction: Price Breaks Out Above Resistance, Next Resistance in The 100-Day MA?Blokt #Technical_AnalysisFebruary 12, 2019
Advertisement Dash Weekly Logarithmic Chart – Source: Tradingview.comA look at the Dash Weekly chart in logarithmic form shows that price briefly traded inside the support area at $45-$55, before starting an upward move and is now trading at $80.
There is some bullish divergence developing in both the RSI and the MACD, the latter of which is moving upward with strength but is not positive yet.
Dash 3-Day Chart – Source: Tradingview.comA look at the 3-day chart shows an even more pronounced bullish divergence.
Similarly to the weekly chart, the MACD is moving upward with strength but is not positive yet.
Also, the price has moved past the 7-period MA but is trading below all the others.
Furthermore, the daily chart gives us a minor resistance area near $100.
Dash 6-Hour Chart – Source: Tradingview.comA look at the 6-hour chart gives us a range in which price is trading in.
However, there is some bearish divergence developing, and the RSI is deep into overbought territory.
Price is facing resistance from the 100-day moving average.
This analysis should not be considered investment advice, use it for informational purposes only.