DASH reached $130 mark on August 14th. Since then it had a nice pump of new Volume, which helped it in reaching $225.
It's above 30d EMA which is good. RSI is a little too high on daily, which may indicates some pullbacks as it's a little overbought.
First it will check that EMA line and if it wont hold we have $170 and $160 support lines. The major support is at around $130-135 which was the lowest point in this correction. Big support line are around $114 and $87 but i would not bother with them right now.
If Dash will defend itself and it will hold above that EMA line, we can see a struggle to overcome that $220 resistance line first and $284 as second.
I really do hope that Dash finally reached the bottom, but we have to wait and see if Volume will increase to support its further growth.
DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
If you like my charts, follow me on Twitter https://twitter.com/Woytech
or on TradingView https://www.tradingview.com/u/Voytech/