THELOGICALINDIAN - Dash amount DigitalCash recovered able-bodied afterwards losses adjoin the US Dollar and Bitcoin and now DASHUSD is testing a above attrition breadth at 180
Dash Price Upside Hurdle
Recently, there was a solid increase in bearish burden on Dash amount and it confused beneath the $160 akin adjoin the US Dollar. The amount traded as low as $148.95 breadth it begin bids and started a recovery. The upside move was appropriate as the amount was able to breach the $160-165 attrition area. It additionally austere the 38.2% Fib retracement akin of the aftermost abatement from the $210 aerial to $148 low. It opened the doors for added assets and the amount was able to achieve aloft $170.
During the upside, there was a breach aloft a aloft bearish trend band with attrition at $178 on the alternate blueprint of DASH/USD. However, the amount is currently disturbing to bright the $180 barrier. It additionally represents the 50% Fib retracement akin of the aftermost abatement from the $210 aerial to $148 low. Furthermore, the 100 alternate simple affective average is additionally aloof aloft $180.
Clearly, the $180 akin is a above resistance, and it won’t be accessible for buyers to advance the amount appear $200. On the added hand, the contempo breach was encouraging, which agency the amount is accurate on the downside abreast $170. So, it ability breach $180 eventually or later.
Hourly MACD – The MACD for DASH/USD is currently aloof with no above signal.
Hourly RSI – The RSI for DASH/USD is branch college aloft the 50 level.
Intraday Support Level – $170
Intraday Resistance Level – $180
Charts from Poloniex; hosted by Trading View
