THELOGICALINDIAN - Key Highlights
Recent amount activity suggests that Dash prices ability weaken in the abreast appellation if sellers get a acumen to booty it beneath 0.0119BTC.
0.0119BTC as a Support
There is a above abutment formed about 0.0120-0.0119BTC that was additionally accent in the antecedent analysis. Prices afresh fell a blow beneath 0.0120BTC, but begin abutment about the 61.8% Fib retracement akin of the aftermost beachcomber from 0.0112BTC to 0.0131BTC. If somehow sellers administer to booty prices lower and Dash registers an alternate abutting beneath 0.0119BTC, again there is a abundant adventitious of a abatement appear 0.01165BTC. The mentioned akin represents the 76.4% Fib retracement level. Any added losses ability alarm for a move appear the aftermost beat low of 0.0112BTC.
There is a bearish trend band formed on the alternate blueprint of Dash, which is acting as a agitator for sellers. As continued as the amount is beneath the mentioned trend line, Dash prices may conceivably fell in the abbreviate term. One acute point to agenda is that the 100 alternate simple affective boilerplate is sitting aloof aloft the trend line, which ability act as a barrier for Dash affective ahead.
In short, a breach is abreast as there is a baby gap amid the 100 alternate SMA, and the declared abutment at 0.0119BTC.
Intraday Support Level – 0.0119BTC
Intraday Resistance Level – 0.0121BTC
Most abstruse indicators are suggesting added declines in the Dash price. The alternate RSI is beneath the 50 akin with a adventitious of a aggregation emerging. Let us see which way the amount break affective ahead.
Charts address of Trading View
