THELOGICALINDIAN - Dash amount DigitalCash bootless to accretion clip adjoin the US Dollar and now attempting to breach a trend band abutment at 95
Dash Price Downside Break?
Yesterday, we saw how Dash amount managed to hold the $90 abutment breadth adjoin the US Dollar. However, the amount additionally bootless to accretion momentum, and breach the $108 attrition area. Recently, it was apparent disturbing abreast $105, as it was already alone once. It bootless to bright the 61.8% Fib retracement akin of the aftermost abatement from the $117 aerial to $89.21 low, and confused down. It is additionally disturbing to abide aloft the 100 alternate simple affective boilerplate at $102, which is not a acceptable sign.
One absolute assurance is yesterday’s accent abutting bullish trend band with abutment at $95 on the alternate blueprint of DASH/USD (data augment from Poloniex). It is still captivation losses, and preventing a downside break. However, the brace is apparent disturbing to authority the 50% Fib retracement akin of the aftermost beachcomber from the $89 low to $108 high. So, there is a adventitious that the amount might breach the trend line abutment at $95.
On the upside, the amount needs to abutting aloft 100 alternate simple affective boilerplate at $102. The best important breach bare is aloft $105 and $108. If the amount continues to fail, there is a adventitious of a downside breach beneath $95.
Hourly MACD – The MACD for DASH/USD is about collapsed at the moment.
Hourly RSI – The RSI for DASH/USD is now beneath the 50 level.
Intraday Support Level – $95
Intraday Resistance Level – $104-105
Charts from Poloniex; hosted by Trading View
