Dash Analysis
After a sharp fall that took Dash from the all-time high at $1540 to nearly $570, but we haven't seen a sharp pullback. Dash couldn't go above 38.2 percent Fibonacci retracement level on two occasions. Additionally, Dash broke down 50-day SMA which shows weakness.
We expect 38.2 percent Fibonacci retracement level and 50-day SMA act as stiff resistance as they come nearly in the same place $950.
On the other hand, any failure of breaking above these levels will take Dash to $570 thereafter to $500 level.
We expect 38.2 percent Fibonacci retracement level and 50-day SMA act as stiff resistance as they come nearly in the same place $950.
On the other hand, any failure of breaking above these levels will take Dash to $570 thereafter to $500 level.
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