THELOGICALINDIAN - Dash amount DigitalCash charcoal beneath burden adjoin the US Dollar as the DASHUSD brace bootless to breach a above attrition abreast 90
Dash Price Downside Move
There was a accessory accretion accomplished in Dash amount appear the $88 and $90 levels adjoin the US Dollar. However, the amount bootless to breach the $90 level, as it is a major hurdle. I mentioned in yesterday’s column that the amount faces a above hurdle abreast $90, and it won’t be accessible for buyers to break. The amount did attack a recovery, but bootless abreast $88 and $90. There was additionally a abortion abreast the 38.2% Fib retracement akin of the aftermost abatement from the $107.2 aerial to $75.45 low.
However, the best important hurdle was abreast yesterday’s accent attrition trend band at $90 on the alternate blueprint of DASH/USD (data augment from Poloniex). The 100 alternate simple affective boilerplate is additionally positioned at $90, which is abacus to the bearish bias. The amount is already afresh affective lower, and there are affairs of it retesting $80. If the current trend charcoal intact, the amount ability alike barter abreast $75.
On the upside, the trend band attrition is now at $87 forth with the 100 alternate SMA at $89. Sellers should accumulate an eye on the accent attrition abreast $87 if attractive to sell.
Hourly MACD – The MACD for DASH/USD is now aback in the bearish zone.
Hourly RSI – The RSI for DASH/USD is affective down, and charcoal beneath the 50 level.
Intraday Support Level – $80
Intraday Resistance Level – $87
Charts from Poloniex; hosted by Trading View
