THELOGICALINDIAN - Dash amount DigitalCash beneath afresh adjoin the US Dollar and Bitcoin but DASHUSD is currently captivation a above abutment area
Dash Price Trend Line Support
In the aftermost analysis, we noticed the adventitious of Dash amount declining beneath $138 adjoin the US Dollar. The amount did breach the mentioned akin and traded beneath $135 as well. It about activated the 50% Fib retracement akin of the aftermost beachcomber from the $111 low to $146 high. The affliction allotment was a abutting beneath the 100 alternate simple affective boilerplate at $143, which is a concise bearish sign.
At the moment, the DASH/USD brace is trading abreast a aloft bullish trend band with abutment at $132 on the alternate chart. The accent trend band abutment holds a lot of accent back it holds the accepted trend aloft $130. The amount is attempting a recovery, and may barter appear the 38.2% fib retracement akin of the aftermost abatement from the $152 aerial to $132 low. However, the upside move is acceptable to face sellers abreast $140. The aforementioned akin additionally coincides with the 100 alternate simple affective boilerplate at $142.
Furthermore, the 50% fib retracement akin of the aftermost abatement from the $152 aerial to $132 low at $142.50 may act as a resistance. On the downside, a breach beneath the trend band abutment at $132 could burn added declines in the abreast term.
Hourly MACD – The MACD for DASH/USD has confused in the bearish zone.
Hourly RSI – The RSI for DASH/USD is now in the oversold area.
Intraday Support Level – $132
Intraday Resistance Level – $142
Charts from Poloniex; hosted by Trading View
