Technical Analysis for DSHUSD for 25th October 2021
DASH Prices Stride Higher, Adds 3% as Buyers Target $220
Past Performance of DASH
DASH prices capped the week strongly, adding three percent in a buy trend continuation on the last week.
As per the DASH/USDT candlestick arrangement from the CryptoAltum daily chart, buyers are firm.
Notably, the middle BB is the dynamic support line offering support for DASH buyers.
What to Expect of DASH
In light of last week's performance and specifically the upswing of October 24, DASH prices might continue to print higher in the short term.
It is provided that the middle BB offers support and prices trend above $190—a minor support line, previous resistance.
In this case, aggressive DASH traders might find entries within the October 24 trade range, targeting $220.
On the flip side, DASH bulls may slow down if prices dump below the middle BB and $190.
DASH Technical Analysis
As per the candlestick arrangement in the daily chart, DASH prices found support at the 78.6 percent Fibonacci retracement of the July to September 2021 trade range.
The bounce lifted the coin to spot levels.
In a minor bullish breakout pattern, DASH/USDT buyers may find entries on pullbacks above $190 with sights on $220 and, later, September 2021 highs.
However, this would quickly fizzle out if prices crash below the middle BB, twisting price action in favor of sellers.
The immediate target would be $170 and later $145.
Resistance level to watch: $220
Support level to watch: $190
Disclaimer: Opinions expressed are not investment advice. Do your research.
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