Dash is Rocketing
Dash has rocketed intra-day to trade above the 500 handle however, we have the 200ema on the daily timeframe @ 513.
Support by an ascending trendline and horizontal support - Bullish momentum is being adopted across the cryptocurrency and altcoin markets. Following the upside break at around 471 the pair seems to be wanting to test further upside and the 200 day EMA. currently over-extended, I would not be looking to take the trade 'at these levels' but, wait for the pair to either break above the 200 day ema and close. If DASH does manage to do this, a few days grace or a period / phase of distribution would support the bullish momentum for further upside.
Support by an ascending trendline and horizontal support - Bullish momentum is being adopted across the cryptocurrency and altcoin markets. Following the upside break at around 471 the pair seems to be wanting to test further upside and the 200 day EMA. currently over-extended, I would not be looking to take the trade 'at these levels' but, wait for the pair to either break above the 200 day ema and close. If DASH does manage to do this, a few days grace or a period / phase of distribution would support the bullish momentum for further upside.
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