THELOGICALINDIAN - Key Highlights
Dash amount (DigitalCash) is convalescent able-bodied adjoin the US Dollar and Bitcoin, and now DASH/USD may anon breach the $165 attrition for added gains.
Dash Price Resistance
Recently, we saw a major decline in Dash amount beneath $160 adjoin the US Dollar. There were abounding attempts to breach the $200 handle, but the amount bootless and confused down. During the downside move, it bankrupt a few important supports like $180 and $160. A new low was formed beneath $140 at $136.14. Later, the amount begin abutment and started a accretion by affective aloft the $150 resistance. It additionally confused aloft the 23.6% Fib retracement akin of the aftermost abatement from the $190 aerial to $136 low.
At the moment, the amount is trading abreast a aloft hurdle at $165. There is a bearish trend band basic with attrition at $165 on the alternate blueprint of DASH/USD. The trend band attrition abreast $165 may comedy a aloft role. It additionally coincides with the 50% Fib retracement akin of the last decline from the $190 aerial to $136 low. Once the amount break the trend band attrition and settles aloft $165, there can be added gains.
On the upside, the abutting hurdle is abreast $172 and the 100 simple affective average. On the downside, the $150 akin is a abutment followed by $140.
Hourly MACD – The MACD for DASH/USD is aback in the bullish zone.
Hourly RSI – The RSI for DASH/USD is now able-bodied aloft the 50 level.
Intraday Support Level – $140
Intraday Resistance Level – $165
Charts from Poloniex; hosted by Trading View
