DASH/USD bounces higher from 3-month lows at 376 levels, closes above 200-DMA.
Intraday charts show some upside, price action has edges above major EMAs on hourly charts.
Price action has broken above 78.6% Fibo at 545 levels, finds next resistance at 600 (trendline).
On the flipside, retrace and close below 200-DMA could see re-test of 400 levels.
Support levels - 536 (5-DMA), 519 (200-DMA), 408 (88.6% Fib retrace of 252 to 1625 rally), 310 (Nov 12 low)
Resistance levels - 600 (trendline), 701 (20-DMA), 754 (100-DMA)
Good to go long on dips around 545, SL: 450, TP: 600/ 650/ 700.
Intraday charts show some upside, price action has edges above major EMAs on hourly charts.
Price action has broken above 78.6% Fibo at 545 levels, finds next resistance at 600 (trendline).
On the flipside, retrace and close below 200-DMA could see re-test of 400 levels.
Support levels - 536 (5-DMA), 519 (200-DMA), 408 (88.6% Fib retrace of 252 to 1625 rally), 310 (Nov 12 low)
Resistance levels - 600 (trendline), 701 (20-DMA), 754 (100-DMA)
Good to go long on dips around 545, SL: 450, TP: 600/ 650/ 700.
Stiff resistance at 670. Further upside only on break above.