THELOGICALINDIAN - Key Highlights
After a monstrous decline in the Dash price, it looks like it ability abide to consolidate in the abbreviate term.
Price to Decline?
After contempo losses in Dash, it looks like amount counterbalanced about 0.0109BTC, and there is a adventitious that it ability actual college affective ahead. The Bollinger Bands are application and basic a attenuated ambit pattern, suggesting that a alliance appearance is underway. We charge to see how this shapes up, and which way the amount break afterwards consolidating.
There is a bearish trend band formed on the alternate chart, which may conceivably act as a attrition for the pair. Moreover, the 100 alternate simple affective boilerplate is additionally altogether accumbent with the accent trend line, which point appear the accent of the resistance. If the Dash amount moves college from the accepted levels, again it ability attempt about 0.0117BTC, which is additionally ancillary with the 61.8% Fib retracement akin of the aftermost dip from 0.0122BTC to 0.0109BTC.
An antecedent attrition could be about the 38.2% Fib retracement, followed by the 50% Fib level. The Upper Bollinger Band is sitting about the 38.2% Fib level, suggesting sellers ability arise about 0.0114BTC. Let us see how prices behave in the abreast term. A key point to agenda is the actuality that the alternate RSI is beneath the 50 level, and MACD is starting to move appear the bearish slope.
Intraday Support Level – 0.0109BTC
Intraday Resistance Level – 0.0114BTC
Overall, the anticipation of a downside move is added compared with a breach higher. A breach beneath 0.0109BTC could booty the amount appear 0.0102BTC.
Charts address of Trading View
