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DASH Technical Analysis | 22 July 2019

2019-07-22 08:33 am | Resource: Technical Analysis Section | No Views : 79

DASH Technical Analysis | 22 July 2019 Dash against USD during the trading session last Friday morning from the areas of 106.09 $ and continued to rise to penetrate areas of $ 115.75.
During Saturday's trading, the encoded currency failed to stabilize above the first resistance areas, falling to the previous 0.382 Fibonacci level during yesterday's trading.
DASH Technical Analysis | 22 July 2019
The digital currency is trading in a bearish direction in the configuration on the 240-minute interval. This trend suffers from weakness.
As a result of a defect in the base of the bearish trend by forming a summit higher than the previous peak and forming a higher bottom than another.

Analysis of technical indicators of the digital currency Dash:

The ADX index has so far been bullish but so far the trend remains weak.
The SMA 20 is currently bullish.
The Momentum RSI 14 broke through the bearish trend line, which is another weakness factor in the strength of the bearish trend and is currently trading in a bullish trend.

Outlook:

It is expected that, in the event of a Dash breach of the levels of $ 118.14, encrypted currency may target areas of $ 136.26.
On the other hand, the encrypted currency break of $ 113.55 level, Dash might target $ 99.95.
Support: 106.09-92.39- 82.00
Resistance: 115.75- 129.41- 143.75
Trend: Down

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