On Friday, January 17th, the Dash cryptocurrency is trading at $122.40.
On D1, DASH/USD demonstrates a confident impulse of growth. These dynamics are quite logical. The first reason is the decline of the quotations to a very low level of $38.12. The second signal of the growth was a divergence on the MACD. The third signal was a breakaway of the resistance line of the mid-term channel. The long-term technical picture shows that the growth is aimed at reaching and testing the resistance level of the main long-term channel – $175.00; a breakaway of this level will mean a new bullish phase. The support is currently at $55.65.
On H4, there is a potential for a short-term correctional decline after a divergence on the Stochastic and a Black Cross in the overbought area. By now, the quotations have reached 23.6% Fibo in relation to the previous growth and may soon fall to 38.2% ($110.71) and 50.0% ($97.13).
For the Dash token, January has become an especially successful month, or at least so can be said about the moves in the first…