THELOGICALINDIAN - Dash amount DigitalCash is boring affective college adjoin the US Dollar and Bitcoin and now DASHUSD faces a boxy analysis abreast 180
Dash Price Resistance
Recently, there was a decline beneath $180 in Dash amount adjoin the US Dollar. The amount alike traded beneath the $170 akin and formed a low at $169. Later, a accretion beachcomber was initiated, and the amount was able to move aback aloft the $175 level. However, the aforementioned burst abutment at $180 is currently acting as a barrier for buyers. There is additionally a concise bearish trend band basic with attrition at $180 on the alternate blueprint of DASH/USD.
Furthermore, the 23.6% Fib retracement akin of the aftermost abatement from the $218 aerial to $169 low is abreast $180.50. Lastly, the $180 attrition additionally coincides with the 100 alternate simple affective average. All in all, the $180 attrition is a acute akin for added assets in the abreast term. If buyers accomplish in allowance $180, the abutting stop could be $188. The $188 akin was also a support beforehand and now it may act as a resistance.
The 38.2% Fib retracement akin of the aftermost abatement from the $218 aerial to $169 low is additionally about $188. So, alike if there is a breach aloft $180, assets could be bound by $188.
Hourly MACD – The MACD for DASH/USD is boring affective in the bullish zone.
Hourly RSI – The RSI for DASH/USD is able-bodied aloft the 50 level.
Intraday Support Level – $170
Intraday Resistance Level – $180
Charts from Poloniex; hosted by Trading View
