THELOGICALINDIAN - Dash amount DigitalCash is currently disturbing adjoin the US Dollar and Bitcoin and DASHUSD may anon breach a above abutment at 98 for a downside move
Dash Price Break Likely
In the aftermost analysis, we saw how there was an upside break in Dash amount aloft $100 adjoin the US Dollar. The amount connected to barter college and alike managed to breach the $110 level. A new aerial was formed abreast $116 area sellers appeared and pushed the amount down. The amount traded acutely lower, and confused beneath $110. There was a bright breach of the 50% Fib retracement akin of the aftermost beachcomber from the $90 low to $116 high.
The amount alike attempted a abutting beneath the 100 alternate simple affective boilerplate at $102. At the moment, the amount is trading beneath $100, and attempting a acute break. It is trading abreast a major bullish trend band with abutment at $98 on the alternate blueprint of DASH/USD. It is additionally beneath the 61.8% Fib retracement akin of the aftermost beachcomber from the $90 low to $116 high.
So, there are aerial affairs of Dash amount breaking the trend band abutment at $98. If there is a abutting beneath the trend band abutment at $98, it may burn a abatement appear $90. On the upside, the $105 akin could act as a attrition in the abbreviate term.
Hourly MACD – The MACD for DASH/USD is affective boring in the bearish zone.
Hourly RSI – The RSI for DASH/USD is able-bodied beneath the 50 akin and branch south.
Intraday Support Level – $98
Intraday Resistance Level – $105
Charts from Poloniex; hosted by Trading View
