THELOGICALINDIAN - Dash amount DigitalCash is in a crumbling band adjoin the US Dollar but the 60 abutment now holds key for DASHUSD affective ahead
Dash Price Resistance
Recently, there was a acceleration aloft the $70 akin in Dash amount adjoin the US Dollar. A new aerial was formed aloof beneath $80 at $79 afore the amount faced attrition and confused down. During the downside move, the amount bankrupt the 38.2% Fib retracement akin of the aftermost beachcomber from the $44.90 low to $79.05 high. It afire a downside move and the amount traded beneath the $65 level. The best important breach was beneath the 100 alternate simple affective boilerplate at $67.00.
However, the amount after begin abutment abreast the 50% Fib retracement akin of the aftermost beachcomber from the $44.90 low to $79.05 high. At the moment, the amount is captivation the $60 abutment breadth and trading in a bound range. It may attack to move college appear $68, but acceptable to face sellers. An initial hurdle is abreast a bearish trend band with attrition at $66 formed on the alternate blueprint of DASH/USD.
The aforementioned trend band attrition additionally coincides with the 23.6% Fib retracement akin of the aftermost abatement from the $79.05 aerial to the contempo low of $60.65. So, it won’t be accessible for sellers to breach $67-68 for added assets in the abreast term.
Hourly MACD – The MACD for DASH/USD is currently collapsed with a accessory bearish bias.
Hourly RSI – The RSI for DASH/USD is recovering, but able-bodied beneath the 50 level.
Intraday Support Level – $60
Intraday Resistance Level – $68
Charts from Poloniex; hosted by Trading View
