THELOGICALINDIAN - Dash amount DigitalCash bootless to move aloft 80 confused bottomward and now DASHUSD is attempting a animation aback in the abbreviate term
Dash Price Support Break
Yesterday, we saw how Dash amount moved college above $66 adjoin the US Dollar. It was after apparent attempting a move appear the $80 level, but it failed. After trading as aerial as $79.06, the amount faced resistance, and confused down. It aboriginal bankrupt the 23.6% Fib retracement akin of the aftermost beachcomber from the $44.85 low to $79.06 high. It alleged for sellers to accretion momentum.
As a result, there was a breach beneath a above abutment of $72. Most importantly, there was a breach beneath yesterday’s accent ascendance approach with abutment at $71 on the alternate blueprint of DASH/USD. The amount traded appear $65, area it begin support. Actually, the 38.2% Fib retracement akin of the aftermost beachcomber from the $44.85 low to $79.06 aerial provided support. Moreover, the 100 alternate simple affective boilerplate at $66.14 acted as a barrier for sellers.
The amount is now affective aback higher, but we cannot abandon a breach beneath $70-72. The aforementioned breadth may now act as a attrition and anticipate a move aloft $75. At the aforementioned time, the 100 alternate SMA at $66-65 holds a lot of accent in agreement of support.
Hourly MACD – The MACD for DASH/USD is currently disturbing to move aback in the bullish zone.
Hourly RSI – The RSI for DASH/USD is bouncing, but still beneath the 50 level.
Intraday Support Level – $65
Intraday Resistance Level – $72
Charts from Poloniex; hosted by Trading View
