DASH turns Bullish - Venezuela & Text Transactions
BREAKING. FOR IMMEDIATE RELEASE AND INFORMED DECISION MAKING
A study that claims that inflation has reached 83,000% in Venezuela has led DASH TEXT Venezuela-based blockchain startup to allow SMS-based transactions service for Dash.
What does this mean for the Technical Analysis?
- OBV on the 1D illustrates an abnormal uptick that has signalled NOUVIVE RESEARCH to report that this means we could see an incline in Dash.
- There has been an immediate increase in buy side volume over the past 6 Days - which is unusual and has been unusual especially as this has not been the case over the previous 3 months.
- Currently trading under the 55MA - a slight uptick and close above it signals EXTREMELY BULLISH MOMENTUM.
- However on the higher time frames, the RSI Stochastic has illustrated that we will see a slight dump before this occurs - unless BTC has bullish fundamental news resulting from the 9 ETF’s.
- if today still closes under the 55MA, it would still remain above the 15MA - still illustrating that there is bullish momentum.
- on the lower time frames (6H) - Nouvive awards DASH extremely bullish - the 15/55/90 MA’s will be crossing over shortly - signalling a potential pump over the 55MA on the higher time frames.
Nouvive sees a trade in DASH - for those risk averse - it is seen to enter between $157-163 however it is doubtful that DASH will fall to those levels.
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