THELOGICALINDIAN - Dash amount DigitalCash adapted college afterwards a abatement adjoin the US Dollar and Bitcoin and DASHUSD may now resume its declivity aback appear 85
Dash Price Resistance
In the aftermost analysis, we saw a aloft support abreast $98 in Dash amount adjoin the US Dollar. The amount captivated the mentioned abutment actual able-bodied and acicular aloft $110. It traded appear $115-116 area it faced attrition and confused bottomward sharply. The downside move was actual sharp, as the amount bankrupt the $100 support. There was additionally a move beneath a acute abutment trend band at $98 on the alternate blueprint of DASH/USD to burn a downside wave.
The brace beneath heavily and traded appear the $78 akin to anatomy a low at $78.63. Later, a accretion was started, and the amount crawled aback aloft the 23.6% Fib retracement akin of the aftermost abatement from the $116 aerial to $78 low. However, the amount could not over sellers abreast $98. The akin which was a support earlier acted as a attrition and prevented assets aloft $100.
Moreover, the 50% Fib retracement akin of the aftermost abatement from the $116 aerial to $78 low additionally acted as a hurdle. So, it looks like the amount may resume its declivity anon and retest $85 as continued as beneath $98-100.
Hourly MACD – The MACD for DASH/USD is still in the bearish zone.
Hourly RSI – The RSI for DASH/USD is now beneath the 50 akin with no assurance of a move higher.
Intraday Support Level – $85
Intraday Resistance Level – $98
Charts from Poloniex; hosted by Trading View
