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FxWirePro: DASH/BTC sell opportunity

  • DASH/BTC below 2H 100 SMA at 0.0779, intraday bias lower.
     
  • 5-DMA is sharply lower, RSI and Stochs have rolled over from overbought levels.
     
  • 2H charts shows downside supported by ADX which is above 25 and rising with -ve DMI dominance.
     
  • Immediate support seen at 0.07275, break below targets 1H 200 SMA at 0.0644.
     
  • Bearish invalidation on close above 5-DMA at 0.0809.

Support levels - 0.07275 (Dec 22 low), 0.0707 (38.2% Fib retrace of 0.0362 to 0.0920 rally), 0.0644 (2H 200 SMA)

Resistance levels - 0.0788 (23.6% Fib), 0.0809 (5-DMA), 0.0920 (Dec 21 high)

Recommendation: Good to short Dash/BTC around 0.0780, SL: 0.0920, TP: 0.0728/ 0.0707/ 0.0645/ 0.0625

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