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.