THELOGICALINDIAN - Dash amount DigitalCash afterwards a awful billow adjoin the US Dollar and Bitcoin fabricated a top DASHUSD is currently acclimation and may barter appear 125130
Dash Price Rise and Decline
In the aftermost analysis, I mentioned that as continued as Dash amount is aloft $105-110 adjoin the US Dollar, there is a adventitious of a move appear $135. The amount did move appear $135, and additionally managed to breach it. The upside move was actual strong, as the amount austere the $140 and $145 attrition levels. A new account aerial was formed abreast $150.50 area the amount begin attrition and confused down.
A alteration beachcomber was started, as the amount confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $94 low to $150 high. Moreover, the DASH/USD brace additionally bankrupt a bullish trend band at $140 on the alternate chart. It has afire a downside beachcomber appear $125. The brace is currently award abutment aloof about the 38.2% Fib retracement akin of the last wave from the $94 low to $150 aerial at $128. It may actual a few pips higher, but charcoal at a accident of added declines beneath $130.
In my view, the amount may analysis $122, which coincides with the 50% Fib retracement akin of the aftermost beachcomber from the $94 low to $150 high. The 100 alternate simple affective boilerplate is additionally abreast $120. So, if the brace corrects lower, there can be a above buy area abreast $120.
Hourly MACD – The MACD for DASH/USD is currently in the bearish slope.
Hourly RSI – The RSI for DASH/USD is branch lower, and beneath 50.
Intraday Support Level – $125
Intraday Resistance Level – $145
Charts from Poloniex; hosted by Trading View
