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DASH Technical Analysis | 26 July 2019

2019-07-26 08:43 am | Resource: Technical Analysis Section | No Views : 65

DASH Technical Analysis | 26 July 2019 Dash against USD rebounded during yesterday's trading from the areas of 104.97 $ and continued to rise even touched the areas of 113.78 $ yesterday evening.
Due to the pressure of sellers and weak bulls' resolve, the encrypted currency fell during yesterday's trading towards the areas of $ 107.79 achieved this morning.
DASH Technical Analysis | 26 July 2019
The digital currency is trading in a bullish direction forming at the 4 hour interval. This trend is weak due to its inability to break through the previous resistance.

Analysis of technical indicators of the digital currency Dash:

The ADX indicator is bullish and indicates weakness in the current bullish trend.
The simple moving average 20 is neutral at the moment due to overlapping price action.
The RSI 14 is trading in a bullish direction. This trend is weak due to a break of 50 pips.

Outlook:

It is expected that, in the case of a Dash breach of the levels of $ 117.90, the encrypted currency may target areas of $ 143.75.
On the other hand, the encrypted currency breach of $ 105.06, Dash might target the $ 95.80 level.
Support: 106.09-92.39- 82.00
Resistance: 115.75- 129.41- 143.75
Trend: Up

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