THELOGICALINDIAN - Dash amount DigitalCash is accepting drive adjoin the US Dollar and Bitcoin and it looks like DASHUSD may anon achieve aloft the 200 resistance
Dash Price Trend Line Supports
In the aftermost analysis, we saw how there was failure abreast $200 and a abatement in Dash amount adjoin the US Dollar. Later, the amount started a accretion and was able to move aloft the $160 resistance. The upside move was nice, as there was a breach aloft the 50% Fib retracement akin of the aftermost abatement from the $196 aerial to $138 low at $170. It has opened the doors for added assets aloft the $195 level.
At the moment, the amount is trading abreast a monster attrition of $198-200. It acted as a aloft hurdle beforehand for buyers and prevented assets aloft $200-205. Now, there is a absolute adventitious that the brace may breach and achieve aloft the $200 attrition soon. The drive is acutely with buyers with supports on the downside at $190 and $180. There are additionally two important bullish trend lines with supports as $195 and $180 basic on the alternate blueprint of DASH/USD.
If the amount corrects lower from the accepted levels, it may acquisition abutment abreast $195 or $192. The $192 abutment additionally coincides with the 26.6% Fib retracement akin of the aftermost beachcomber from the $163 low to $200 high. Buying dips advantaged for a breach aloft $200.
Hourly MACD – The MACD for DASH/USD is affective college in the bullish zone.
Hourly RSI – The RSI for DASH/USD is affective accurately about the 60 level.
Intraday Support Level – $190
Intraday Resistance Level – $200
Charts from Poloniex; hosted by Trading View
