THELOGICALINDIAN - Dash amount DigitalCash acquired bullish drive adjoin the US Dollar and Bitcoin and now DASHUSD can be apparent as a buy on dips abreast 195
Dash Price Support
In the accomplished few analysis, we discussed about absolute moves in Dash amount aloft $150 adjoin the US Dollar. The amount remained in a bullish trend and was able to breach a aloft attrition at $165 and $180. The amount acquired absorption and traded aloft the $200 akin for a new account aerial abreast $217.82. Later, it faced offers and started acclimation lower appear the $200 handle.
It is already beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $181.30 low to $217.82 high. However, the best important abutment is about $200. There is a bullish trend band basic with abutment at $195 on the alternate blueprint of DASH/USD. The 100 alternate simple affective boilerplate is additionally abreast the trend band abutment at $196. Moreover, the antecedent attrition at $198-200 may now act as a support. Lastly, the 50% Fib retracement akin of the last wave from the $181.30 low to $217.82 aerial is at $198.
So, we can accede $195-198 area as a acute abutment in the abbreviate term. If the amount continues to move down, the $198 abutment ability be apparent as a buy zone.
Hourly MACD – The MACD for DASH/USD is currently in the bearish zone.
Hourly RSI – The RSI for DASH/USD is currently affective lower, but charcoal aloft the 50 level.
Intraday Support Level – $198
Intraday Resistance Level – $215
Charts from Poloniex; hosted by Trading View
