THELOGICALINDIAN - Dash amount DigitalCash is in a bullish trend adjoin the US Dollar and Bitcoin but there is a adventitious of DASHUSD acclimation lower appear 125
Dash Price Supports
In the aftermost analysis, we noticed an overall bullish trend aloft $124 in Dash amount adjoin the US Dollar. The amount was able to accretion drive and confused aloft the $140 resistance. The upside move was such that the amount was able to analysis the $145 attrition breadth area it faced sellers. Buyers fabricated two attempts to breach $145, but they bootless to accretion momentum. As a result, there was a alteration beachcomber accomplished from the $145.06 beat high.
At the moment, the DASH/USD brace is about to breach a application approach abutment at $139 on the alternate chart. The application triangle abutment additionally coincides with the 23.6% Fib retracement akin of the aftermost beachcomber from the $110 low to $145 high. It additionally overlaps with the $138 abutment and the 100 alternate simple affective average. So, we can say that the amount is testing a crucial support at $140-138.
Looking at the accepted amount action, there is a aerial adventitious of a breach beneath $138. In that case, the amount ability arch appear the 50% Fib retracement akin of the aftermost beachcomber from the $110 low to $145 aerial at $127. The all-embracing trend is still bullish, but a concise alteration appear $125 is possible.
Hourly MACD – The MACD for DASH/USD is about flat.
Hourly RSI – The RSI for DASH/USD has confused beneath the 50 level.
Intraday Support Level – $138
Intraday Resistance Level – $145
Charts from Poloniex; hosted by Trading View
