THELOGICALINDIAN - Key Highlights
Dash amount (DigitalCash) is disturbing to breach key resistances adjoin the US Dollar and Bitcoin, and now DASH/USD may extend its accepted abatement appear $170-160.
Dash Price Trend Line Break
In the aftermost assay few analysis, we saw how Dash amount struggled to breach the $200 akin adjoin the US Dollar. It already afresh bootless to abutting aloft $200 and started a downside move. It traded beneath a few key abutment levels like $190 and $185. It looks like a above top is basic abreast $200 for added corrections lower. Let’s see how the amount is trading beneath $190 and how it can accomplish the abutting move.
During the contempo downside, the amount bankrupt the 23.6% Fib retracement akin of the aftermost beachcomber from the $130 low to $199 high. Moreover, there was a move beneath the 100 simple affective boilerplate at $190. Lastly, there was a breach beneath a acute bullish trend band with supports as $185 on the alternate blueprint of DASH/USD. These are abrogating signs, and may alarm for added declines in the abreast term appear $160.
The amount afresh activated the 38.2% Fib retracement akin of the aftermost beachcomber from the $130 low to $199 high. It may actual a few credibility higher, but best acceptable to face sellers abreast the 100 simple affective boilerplate at $190. The burst trend band ability additionally anticipate assets aloft $188. Overall, affairs rallies ability be advised for addition dip appear $170-160.
Hourly MACD – The MACD for DASH/USD is in the bearish zone.
Hourly RSI – The RSI for DASH/USD is now beneath the 50 level.
Intraday Support Level – $170
Intraday Resistance Level – $190
Charts from Poloniex; hosted by Trading View
