THELOGICALINDIAN - Dash amount DigitalCash fabricated a nice downside move beneath 100 and it looks like the DASHUSD brace ability move bottomward added in the abbreviate term
Dash Price Decline
Yesterday, we discussed that there is a chance of concise pullback in Dash amount adjoin the US Dollar. The amount did acquisition sellers abreast the $110 akin and confused down. There was alike a breach beneath the $100 level. During the downside move, the amount additionally activated the 61.8% Fib retracement akin of the aftermost beachcomber from the $76 low to $117 high. So, there was a abstruse abutting beneath the 50% Fib akin of the aforementioned beachcomber beneath $100.
It agency there is a adventitious of addition dip appear $90-88. The amount at the moment is afterward a bottomward approach arrangement formed with attrition at $104 on the alternate blueprint (DASH/USD, abstracts augment from Poloniex). As continued as the amount is beneath the $104 resistance, it ability abatement further. On the upside, the approach attrition is positioned with the 100 hourly simple affective average at $105.
Moreover, the 38.2% Fib retracement akin of the aftermost abatement from the $117 aerial to $89 low is additionally about the aforementioned approach resistance. If the amount moves college it ability face hurdle abreast $104-105. On the downside, the approach abutment is abreast $88, which ability try to authority losses.
Hourly MACD – The MACD for DASH/USD is attempting to balance from the bearish zone.
Hourly RSI – The RSI for DASH/USD is now beneath the 50 level.
Intraday Support Level – $88
Intraday Resistance Level – $105
Charts from Poloniex; hosted by Trading View
