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Buyers’ momentum is high in Dash market
DASH Price Analysis – October 29
More pressure from the buyers will increase the price to $45 level, and may penetrate the level, move Dash Price towards $48 level and above it, there is a barrier at $50 resistance level. In case the bears defend the resistance level of $45, price may decline and face the support level of $42, which may decrease to $39 and $32.
DASH/USD Market
Key Levels:
Resistance levels: $45, $48, $50
Support levels: $42, $39, $32
DASH/USD Long-term Trend: Bullish
DASH is on the bullish movement in the long-term outlook. The long time ranging movement was putted to an end today. Bulls were able to push the Crypto above the resistance level of $42 with a strong momentum. The daily strong bullish candle formed on the daily time frame and the coin is exposes to the resistance level of $45. There is tendency for further price increase and the resistance level of $45 may be reached.
The 9 periods EMA is crossing the 21 periods EMA upside while the coin is trading above the two EMAs which indicate a bullish movement in the DASH market. More pressure from the buyers will increase the price to $45 level, and may penetrate the level, move the coin towards $48 level and above it, there is a barrier at $50 resistance level. In case the bears defend the resistance level of $45, price may decline and face the support level of $42, which may decrease to $39 and $32.
DASH/USD Medium-term Trend: Bullish
DASH/USD is bullish on the 4-hour chart. The resistance level of $42 could not hold the price when the bulls acquire enough pressure to break it up. Bulls prevail over the bears and the price is increasing currently towards the resistance level of $45.
DASH is trading above the 9 periods EMA and 21 periods EMA which indicate a bullish market. The Relative Strength Index period 14 with its signal line pointing up at 68 which connotes a buy signal.
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