Cryptocurrency DASHCOIN DSH/USD is trading at 185. Cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for DASHCOIN. At the moment, quotes of the pair test the upper boundary of the bands of the Bollinger Bands indicator. It is expected to test the middle band of the indicator near the level of 175, where again we should expect an attempt to continue the fall and further develop the bearish trend for the DASHCOIN cryptocurrency with a target near the level of 205.
Trading signals & DASHCOIN forecast on July 6, 2017
In favor of growth, a test of the neckline of the «Head and shoulders» reversal pattern will perform. The conservative area for DASHCOIN buying is located near the middle border of the Bollinger Bands indicator strip at the level of 170. The abolition of the option of continuing the fall of the DSH/USD cryptocurrency will be a breakdown of the moving average region with a level of 55, as well as the lower border of the Bollinger Bands indicator bands and the closing of the DASHCOIN quotes below area 155, Which indicates a change in the trend in favor of the bullish on DSH/USD. In the event of a breakdown of the upper boundary of the Bollinger Bands, it is expected to accelerate the growth of the cryptocurrency in the area above the level of 205.
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