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DASH Technical Analysis | 31 July 2019

2019-07-31 08:30 am | Resource: Technical Analysis Section | No Views : 49

DASH Technical Analysis | 31 July 2019 Dash against USD failed to break through the resistance zone of $ 115.75 during last week's trading, thus falling to break the rising trend line.
The encrypted currency continued to bleed until it touched $ 100.63 and is currently retesting the $ 106.09 support areas.
DASH Technical Analysis | 31 July 2019
Digital Currency Dash We pointed several times to the weakness of the uptrend and during the trading on Saturday was broken, and currently the currency is trading in a downward trend in the configuration on the time frame 240 minutes.

Analysis of technical indicators of the digital currency Dash:

The ADX indicator is currently bearish and indicates weakness in the current bearish trend.
The SMA 20 is currently bearish.
The Momentum RSI 14 is trading in a bearish trend in the configuration supported by breaking the ascending trend line.

Outlook:

It is expected that, in the case of the encrypted currency breach of levels of $ 114.49, Dash may target areas of $ 135.90.
On the other hand, a Dash break of $ 100.63, the encrypted currency might target $ 82.00.
Support: 92.39- 82.00-74.34
Resistance: 106.09- 115.75- 129.41
Trend: Down

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