THELOGICALINDIAN - Dash amount DigitalCash managed to accretion backbone adjoin the US Dollar and now DASHUSD is trading in the absolute area aloft 65
Dash Price Support
During the accomplished few days, we saw Dash amount struggle beneath the $70 akin adjoin the US Dollar. The amount traded as low as $60 afresh from area it started a correction. Earlier, it struggled to accretion clip aloft $63, but after it managed to accretion strength. There were a brace of important attrition break like $63 and $65. These break accept opened the doors for added assets in the abreast appellation appear $72.75.
The best important move was aloft the aftermost accent bearish trend band with attrition at $64 on the alternate blueprint of DASH/USD. Second, the amount was aloft to breach the 23.6% Fib retracement akin of the last decline from the $78.80 aerial to $60.66 low. The aftermost and the best acute one was aloft 100 alternate simple affective boilerplate at $65. These all are absolute signs, as the amount already traded abutting to the $70 level.
At the moment, the 50% Fib retracement akin of the aftermost abatement from the $78.80 aerial to $60.66 low is preventing gains. So, there is a adventitious of a accessory dip in the abbreviate appellation appear $65-63. Once the dip completes the amount may afresh move college appear $72-75.
Hourly MACD – The MACD for DASH/USD is currently affective abroad from the bullish zone.
Hourly RSI – The RSI for DASH/USD is now able-bodied aloft the 50 level.
Intraday Support Level – $63
Intraday Resistance Level – $70
Charts from Poloniex; hosted by Trading View
