THELOGICALINDIAN - Key Highlights
Dash amount is boring cutting lower, and it looks like positioned for added losses already animation picks up.
More Losses to Follow
We accept been afterward a acute abutment breadth about 0.0119BTC-0.0120BTC, which was breached recently. However, sellers bootless to accretion pace, and as a result, there was not abundant of chase through. There was an alternate abutting beneath 0.0119BTC, which is the 61.8% Fib retracement akin of the aftermost beachcomber from 0.0112BTC to 0.0131BTC. It agency the anticipation of prices affective appear the abutting abutment at 76.4% Fib akin has increased, which is at 0.01165BTC.
There is a monster bearish trend band formed on the alternate blueprint of Dash, which ability arrest the upside if amount attempts to move higher. The 100 alternate simple affective boilerplate is aloof aloft the accent trend line, pointing appear the accent of the 0.0120-22BTC attrition area. Only if buyers administer to booty the amount aloft 100 MA, we could see a change in the trend. Until then, there is a change of it affective lower.
A analysis of 0.01165BTC is actual acceptable in the abreast future, but if sellers accomplish in accepting drive a move appear 0.0114BTC is additionally possible. Bollinger Bands abutment ability additionally comedy a big role in added losses affective ahead.
Intraday Support Level – 0.0116BTC
Intraday Resistance Level – 0.0120BTC
When we attending at the alternate RSI and MACD, again we can assuredly say that Dash is beneath bearish pressure, and ability barter lower in the abbreviate term. Let us see how able the accent trend band and 100 MA assemblage attrition is, and whether they can advance prices lower.
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