THELOGICALINDIAN - Dash amount DigitalCash beneath heavily adjoin the US Dollar and Bitcoin on the weekend but now DASHUSD is trading aloft 100 in the bullish zone
Dash Price Upside Break
It was a awful ride for Dash price, as it tumbled by about $50 adjoin the US Dollar. It traded from the $150 beat aerial to able-bodied beneath the $100 akin afore award abutment at $74. The abatement was such that the amount alike bankrupt the 1.236 addendum of the aftermost beachcomber from the $95 low to $150 high. Later, the amount managed to authority losses beneath $70 and started an upside move.
The upside move was decent, as the amount was able to breach the 23.6% Fib retracement akin of the aftermost abatement from the $150 aerial to $74 low. Later, the amount acquired traction, and confused aloft the $100 attrition and the 100 alternate simple affective average. Furthermore, the DASH/USD brace afresh bankrupt a aloft bearish trend band at $105 on the alternate chart. The last important break was aloft the 50% Fib retracement akin of the aftermost abatement from the $150 aerial to $74 low.
The amount has confused in the bullish area aloft $100 and may abide to move higher. Any dips from the accepted levels may acquisition abutment abreast $100 and the 100 alternate simple affective average.
Hourly MACD – The MACD for DASH/USD is black in the bullish zone.
Hourly RSI – The RSI for DASH/USD is branch lower, but able-bodied aloft the 50 level.
Intraday Support Level – $105
Intraday Resistance Level – $120
Charts from Poloniex; hosted by Trading View
