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DASH Technical Analysis | 18 June 2019

2019-06-18 08:10 am | Resource: Technical Analysis Section | No Views : 32

DASH Technical Analysis | 18 June 2019 Dash continued to rebound during last Friday's trading and continued to rise to breach the top of 156.94 $ as a result of buyers pressure on it.
During this week's trading the encrypted currency continued to rise until it failed to breach the resistance areas of $ 158.84.
Due to weak buyers' resolve, the digital currency fell towards $ 151.72.
DASH Technical Analysis | 18 June 2019
The digital currency is trading in a bullish direction on the 240-minute interval. The trend is weak due to the breach of the resistance area of ​​$ 158.84 and also due to weak buyers' resolve.

Analysis of technical indicators of the digital currency Dash:

The ADX index points to a very weak bullish trend as the main index is trading below 25 pips.
The SMA 20 is currently trading in a bullish direction and is currently an important support area for the encrypted currency.
The RSI 14 is trading in a bullish direction so far, the trend is weak due to a negative technical deviation in the first order formation.

Outlook:

It is expected that, in the event of electronic currency is penetration of levels of $ 158.84, Dash may target areas of $ 159.52.
On the other hand, a Dash break of $ 151.72, digital currency could target $ 143.75.
Support: 143.75 - 129.41 - 115.75
Resistance: 158.84- 172.14- 178.99
Trend: Up

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