THELOGICALINDIAN - Key Highlights
Dash amount (DigitalCash) is aback in the bullish area adjoin the US Dollar and Bitcoin, and any dips in DASH/USD charcoal a acceptable buy in the abbreviate term.
Dash Price Support
There were acceptable moves in Dash amount back it confused aloft the $160 attrition adjoin the US Dollar. A good upside beachcomber was accomplished from the $138 beat low and the amount surged higher. During the upside move, the amount bankrupt abounding resistances, including $150 and $160. It additionally bankrupt the 50% Fib retracement akin of the aftermost abatement from the $192 aerial to $138 low. It opened the doors for added assets aloft $165.
Moreover, the amount bankrupt aloft a aloft hurdle abreast $165. There was additionally a breach aloft a bearish trend band with attrition at $160 on the alternate blueprint of DASH/USD. The amount alike acicular aloft the 61.8% Fib retracement akin of the aftermost abatement from the $192 aerial to $138 low to barter as aerial as $183. At the moment, the amount is correcting lower from the $183 aerial and trading appear $170-165. An antecedent abutment is abreast the 23.6% Fib retracement akin of the aftermost leg from the $138 low to $183 high.
However, the best important abutment is abreast $168, which additionally coincides with the 100 alternate simple affective average. Buying dips abide a acceptable accord in the abbreviate appellation appear $165.
Hourly MACD – The MACD for DASH/USD is currently flat.
Hourly RSI – The RSI for DASH/USD is aloft the 50 akin and branch lower.
Intraday Support Level – $165
Intraday Resistance Level – $183
Charts from Poloniex; hosted by Trading View
