## Analysis of Japanese Candlestick Patterns
*At the beginning of the chart (around 102.16)** a long green candle pattern appeared followed by a long red candle - a signal of market hesitation - a medium strength signal
*In the middle of the chart (around 83.45)** a series of consecutive red candles appeared - a continuation of the downward trend - a strong signal
*At price 52.68** a double bottom pattern appeared - Bullish reversal signal - Strong signal
*At the end of the chart (around 63.29)** a long green candle appeared with a lower shadow - Effective support and the beginning of an upward trend - Very strong signal
## Technical Indicators Analysis
*MACD Indicator**: Positive MACD value (1.26) with DIF line (-0.74) and DEA line (-2.01) indicates a recent bullish crossover, suggesting new upward momentum
*Trading Volume**: Notable increase in trading volumes with recent green candles, confirming the strength of the new upward trend
## Identifying Support and Resistance Levels
*Resistance Levels**:
- Resistance 1: 65.00 (Previous trading area)
- Main resistance: 71.00 (Previous price consolidation area)
- Strong resistance: 83.00 (Previous peak)
*Support Levels**:
- Immediate support: 59.00 (Previous accumulation area)
- Average support: 55.00 (Lowest in 24 hours)
- Strong support: 52.70 (Tested previous low)
## Overall Technical Assessment
The DASH-USDT chart shows a positive turnaround after a strong downward trend. The price started with a significant increase and then experienced a sharp correction down to 52.68, where a double bottom formed, leading to a trend reversal. The recent rise is supported by an increase in trading volumes and positive signals from the MACD indicator, suggesting the likelihood of continued upward trend.
## Conclusion
The DASH-USDT pair shows signs of positive reversal after a period of decline. Traders may look for buying opportunities at the specified support levels while placing stop-loss orders below 52.70. However, caution is advised due to strong resistance at 65.00 and 71.00. It is recommended to monitor trading volume to ensure the continuation of upward momentum.
