THELOGICALINDIAN - Dash amount DigitalCash bootless already afresh to barter college adjoin the US Dollar and Bitcoin and it looks like DASHUSD lacks bullish momentum
Dash Price Resistance
There was a decent rise in Dash amount beforehand this anniversary appear $94 adjoin the US Dollar, but after it was suppressed. The amount bootless to accretion drive and started a downside move beneath $90. The move was such that the amount alike bankrupt the $85 abutment area. A new intraday low was formed aloof beneath $80 at $79.87 area buyers appeared. A accretion has started, and the amount has confused aloft the 23.6% Fib retracement akin of the aftermost abatement from the $94 aerial to $80 low.
At the moment, the amount is abutting a acute attrition about $90. There are two important bearish trend curve with attrition abreast $88-90 formed on the alternate blueprint of DASH/USD. These trend curve accompany with the 100 alternate simple affective boilerplate at $89. Moreover, the 61.8% % Fib retracement akin of the aftermost abatement from the $94 aerial to $80 low is additionally about $90.
So, it won’t be accessible for buyers to breach $90 for added assets as continued as there is no momentum. Only a H4 abutting aloft $90 may alarm for added gains, abroad the amount may abide to struggle.
Hourly MACD – The MACD for DASH/USD is about collapsed with no momentum.
Hourly RSI – The RSI for DASH/USD is aloof aloft the 50 level, and branch higher.
Intraday Support Level – $84
Intraday Resistance Level – $90
Charts from Poloniex; hosted by Trading View
