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DASH Technical Analysis | 24 July 2019

2019-07-24 08:12 am | Resource: Technical Analysis Section | No Views : 74

DASH Technical Analysis | 24 July 2019 Dash against USD during Monday's trading failed to break through areas of $ 115.75 due to weak demand.
The encrypted currency has reverted again during Monday's trading so far, dropping from the areas of $ 116.79, and even the first support areas achieved during the morning.
DASH Technical Analysis | 14 July 2019
The digital currency is trading in a bearish direction in the configuration. We do not recommend selling at the moment until the areas of $ 93.44 are broken on the 240-minute time frame to avoid hitting the stop loss.

Analysis of technical indicators of the digital currency Dash:

The ADX indicator is currently bearish and indicates weakness in the current bearish trend.
And the 20-day SMA has turned bearish during yesterday's trading.
The Momentum RSI 14 is trading in a bearish direction supported by the 50-point break and needs to break the 30-pip areas to confirm the strength of the current bearish trend.

Outlook:

It is expected that, in the event of a Dash breach of levels of $ 118.14, the encrypted currency may target areas of $ 136.26.
On the other hand, the Dash break of $ 93.44, it might target $ 82.00.
Support: 106.09-92.39- 82.00
Resistance: 115.75- 129.41- 143.75
Trend: Down

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