THELOGICALINDIAN - Dash amount DigitalCash beneath and bankrupt key supports adjoin the US Dollar and Bitcoin and now DASHUSD is aback in the bearish area beneath 185
Dash Price Resistance
In the aftermost analysis, we saw a appropriate spike in Dash amount aloft the $190 akin adjoin the US Dollar. The amount alike bankrupt the $210 attrition and traded appear $225 area it faced sellers. Later, the amount started a downside move and traded beneath the $210 ad $200 abutment levels. The best important move was beneath the $185-180 support, which can be advised as a account axis in the abbreviate term.
The amount traded as low as $164.68 area it begin support. It is currently acclimation higher, but the upside move aloft $185 could be limited. An antecedent attrition is abreast the 23.6% Fib retracement akin of the aftermost abatement from the $211 aerial to $164 low. However, there is a above bearish trend band with resistance at $185 basic on the alternate blueprint of DASH/USD. The aforementioned trend band is positioned with the 50% Fib retracement akin of the aftermost abatement from the $211 aerial to $164 low.
So, it won’t be accessible for buyers to booty the amount aback aloft $185 in the abreast term. Selling rallies appear the trend band attrition of $185 may be advised in the abbreviate term. On the downside, the $160-150 levels are appropriate supports.
Hourly MACD – The MACD for DASH/USD has confused into the bearish zone
Hourly RSI – The RSI for DASH/USD is still in the oversold levels.
Intraday Support Level – $165
Intraday Resistance Level – $185
Charts from Poloniex; hosted by Trading View
