THELOGICALINDIAN - Dash amount DigitalCash afterwards a accessory downside move begin bids abreast 89 adjoin the US Dollar and now DASHUSD is attempting a advance higher
Dash Price Forecast
Yesterday, we discussed about a accessory decline in Dash amount appear $90 adjoin the US Dollar. The amount did move down, and traded appear the aftermost beat low of $89 area begin support. There was a affectionate of bifold basal arrangement formed abreast $89, which produced a bounce. The amount confused aloft the 50% Fib retracement akin of the aftermost abatement from the $117 aerial to $89.21 low. It additionally traded already aloft the 100 alternate simple affective boilerplate at $103.
However, the beasts bootless to authority the momentum, and the amount confused bottomward beneath the 100 alternate SMA at $103. It was additionally alone from the 61.8% Fib retracement akin of the aftermost abatement from the $117 aerial to $89.21 low. During the upside move, the amount bankrupt a bearish trend band at $98, which is now acting as a support. Moreover, there is a abutting bullish trend line with abutment at $90 on the alternate blueprint (DASH/USD, abstracts augment from Poloniex).
The accent trend band abutment about $90 is important. As continued as the amount is aloft it or the aftermost low of $89, there are affairs of a dip and animation in the abreast term.
Hourly MACD – The MACD for DASH/USD is abetment from the bullish zone.
Hourly RSI – The RSI for DASH/USD is aloof beneath the 50 level.
Intraday Support Level – $89
Intraday Resistance Level – $104-105
Charts from Poloniex; hosted by Trading View
