THELOGICALINDIAN - Dash amount DigitalCash fabricated a nice upside move aloft 66 adjoin the US dollar and now DASHUSD is trading with a absolute bias
Dash Price Upside Break
Yesterday, we saw how Dash amount struggled to move aloft the $68 attrition breadth adjoin the US Dollar. Later, it confused bottomward beneath $50 and traded appear $45. However, the amount begin able bids abreast $45, and recovered sharply. The upside move was such that during the accomplished session, the amount was aloft to beat $65. The best allotment was move aloft the 50% Fib retracement akin of the aftermost abatement from the $91 aerial to $45 low.
Later, the amount acquired backbone and climbed aloft the 100 alternate simple affective boilerplate at $65. It opened the doors for a breach aloft this week’s accent two bearish trend curve with attrition at $67-68 on the alternate blueprint of DASH/USD. The amount is now placed able-bodied aloft the $66 level, and afresh traded as aerial as $72. It is now correcting lower appear $67. An antecedent abutment is about the 23.6% Fib retracement akin of the aftermost beachcomber from the $45 low to $72 high.
Moreover, the burst 100 alternate simple affective boilerplate at $65 may now act as a support. And, the capital abutment is abreast the bearish trend curve at $67. These may act as a acceptable abutment aloft $65. So, as continued as the amount is aloft $65, added assets are likely.
Hourly MACD – The MACD for DASH/USD is currently neutral.
Hourly RSI – The RSI for DASH/USD is currently able-bodied aloft the 50 level.
Intraday Support Level – $65
Intraday Resistance Level – $72
Charts from Poloniex; hosted by Trading View
