Technical Analysis for DSHUSD for 7th February 2023
DASH Remains Bullish, Support at August 2022 High at $58
Past Performance of DASH
DASH Technical Analysis
Traders are confident. After yesterday's surge, and rewinding losses of the weekend, the uptrend formation has been confirmed. Subsequently, traders may find entries on every dip inside the February 6 trade range but above $58 to buy the dip. Based on this candlestick arrangement, the next target will be around $75 or May 11 high. Conversely, losses below August highs may force a sell-off toward $50.
What to Expect from DASH
DASH has been firm in the past three months, bottoming up from 2022 lows. In a bullish breakout formation, traders expect even more gains ahead. Nonetheless, this preview holds water only if $58 holds and DASH rejects any attempt of lower lows.
Resistance level to watch: $75
Support level to watch: $58
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