Hello and welcome to News BTC’s Market Outlook May 22.
DASH continues to show signs of life every time we dip, with the $87.50 level offering support during the Friday session. The market then rallied from there and it now looks as if we will make an attempt to break above the $92.50 level, and then go looking for the $95 level. After that, the $100 level will probably be next. Short-term pullbacks continue to offer buying opportunities.
The LCD/USD pair went back and forth during the session on Friday, as we continue to straddle the $28 level. If we can break above the $30 level, the market will be free to go much higher. Until then, pullbacks will more than likely offer buying opportunities for longer-term traders looking to build a large position. Selling isn’t a thought currently.
Thanks for watching and see you again tomorrow.
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.