THELOGICALINDIAN - Dash amount DigitalCash alteration could not aftermost continued as DASHUSD faced a lot of offers abreast 70 and confused bottomward already again
Dash Price Resistance
Yesterday, we saw a sharp downside move in Dash price, as it confused appear $45 adjoin the US Dollar. The amount traded as low as $44.65 afore starting a correction. During the alteration wave, it confused aloft the 38.2% Fib retracement akin of the aftermost abatement from the $90 aerial to $44.65 low. However, the alteration could not aftermost long, as the amount faced a lot of offers abreast the $68 and $70 levels.
The $68 attrition angry out to be a aloft hurdle for buyers. Actually, yesterday’s accent two bearish trend curve with attrition at $68 on the alternate blueprint of DASH/USD acted as a aloft barrier. It played able-bodied and prevented added assets aloft $68-70. Moreover, the 50% Fib retracement akin of the aftermost abatement from the $90 aerial to $44.65 low additionally acted as a resistance. Last, but not the least, the 100 alternate simple affective boilerplate at $67 additionally played its allotment well, and stopped an upside move.
As a result, the amount is now affective lower, and trading beneath $62. Actually, there is a abutting beneath $60, which agency the amount ability arch appear $56. It looks like there can be added declines as continued as the amount is beneath $68.
Hourly MACD – The MACD for DASH/USD is afresh affective into the bearish zone.
Hourly RSI – The RSI for DASH/USD is disturbing to achieve aloft the 50 level.
Intraday Support Level – $56
Intraday Resistance Level – $68
Charts from Poloniex; hosted by Trading View
