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DASH turns Bullish – Venezuela & Text Transactions


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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