THELOGICALINDIAN - Dash amount DigitalCash bankrupt bottomward adjoin the US Dollar beneath 84 and now DASHUSDT looks set for added declines in the abreast term
Dash Price Resistance
There was no endlessly the downside move in Dash price, as it bankrupt the $88 abutment adjoin the US Dollar. The amount bootless to authority the $88 and $84 abutment levels, and confused down. To admit the downside, the amount bankrupt the 50% Fib retracement akin of the aftermost beachcomber from the $75.49 low to $89.76 high. The best important move was beneath yesterday’s accent bullish trend band with abutment at $84 on the alternate blueprint of DASH/USD (data augment from Poloniex).
The amount alike bankrupt the $80 handle to burn added downsides. Then, it austere the 76.4% Fib retracement akin of the aftermost beachcomber from the $75.49 low to $89.76 high. It prompted a abatement appear the aftermost beat low of $75.45. Since the declared akin is tested, there is a adventitious of a move appear $72.06. The mentioned akin represents the 1.236 addendum of the aftermost beachcomber from the $75.49 low to $89.76 high. In short, there are chances of added downsides appear $73 and $72.
On the upside, the burst $80 abutment ability now act as a resistance. The best important hurdle is abreast this week’s continued followed bearish trend band with accepted attrition at $82.
Hourly MACD – The MACD for DASH/USD is mostly bearish.
Hourly RSI – The RSI for DASH/USD is able-bodied beneath the 50 level, and affective down.
Intraday Support Level – $72
Intraday Resistance Level – $80
Charts from Poloniex; hosted by Trading View
