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DASH Technical Analysis | 18 July 2019

2019-07-18 08:59 am | Resource: Technical Analysis Section | No Views : 68

DASH Technical Analysis | 18 July 2019 The Dash is against USD during yesterday's trading broke the areas of 115.75 $ as a result of the pressure of sellers and then broke $ 106.09 and the currency continued to bleed to areas of $ 93.44.
During yesterday's trading the encoded currency rebounded from the areas of $ 93.44 and continued to rise as high as $ 104.75 achieved yesterday morning.
DASH Technical Analysis | 18 July 2019 
The digital currency is trading in a bearish direction, which has been in formation so far and during yesterday's trading.
And so far fail to break the initial support areas as a result of the weakness of the sellers on the 4 hour interval.

Analysis of technical indicators of the digital currency Dash:

The ADX indicator indicates a decline in the strength of the bearish trend over time.
The SMA 20 is currently bearish.
The RSI 14 is trading in a bearish direction in formation.

Outlook:

It is expected that, in the event of a Dash breach of the level of $ 104.75, encrypted currency may target areas of $ 118.37.
While the encrypted currency break of $ 93.44, Dash might target $ 82.00.
Support: 92.39- 82.00-74.34
Resistance: 106.09- 115.75- 129.41
Trend: Down

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