THELOGICALINDIAN - Key Highlights
Dash amount (DigitalCash) jumped college afresh adjoin the US Dollar and Bitcoin, and now DASH/USD is attractive to extend assets in the abreast term.
Dash Price Upside Surge
In the aftermost analysis, I mentioned that there is a chance of Dash amount accepting backbone aloft $80 adjoin the US Dollar. The amount did move higher, and acquired a lot of clip to breach abounding resistances like $80 and $90. The amount additionally confused aloft the 1.236 addendum of the aftermost abatement from the $88.00 aerial to $73.10 low. It opened the doors for added assets and took the amount aloft the $100 level.
The amount traded abutting to the $107 level, and after started a correction. The amount adapted lower appear $90 area it begin abutment already again. It is currently affective college and already aloft the 23.6% Fib retracement akin of the aftermost abatement from the $107 aerial to $90 low. It may continue to barter higher appear $100. On the upside, a abutting bearish trend band with attrition at $101 formed on the alternate blueprint of DASH/USD is waiting.
The trend band forth with the 50% Fib retracement akin of the aftermost abatement from the $107 aerial to $90 low may act as a resistance. However, the all-embracing trend is bullish with affairs of added assets in the abreast term.
Hourly MACD – The MACD for DASH/USD is about to move into the bullish zone.
Hourly RSI – The RSI for DASH/USD is branch college appear the 50 level.
Intraday Support Level – $90
Intraday Resistance Level – $100
Charts from Poloniex; hosted by Trading View
