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DASH Technical Analysis | 6 August 2019

2019-08-06 09:56 am | Resource: Technical Analysis Section | No Views : 41

DASH Technical Analysis | 6 August 2019 The Dash against USD rebounded from the $ 101.38 area and continued to rise to break through $ 106.09 and then broke the bearish trend line and continued to rally towards $ 110.27.
During the morning trading yesterday and until the encrypted currency re-test the support area $ 106.09 and so far the highest support areas are located.
DASH Technical Analysis | 6 August 2019
The digital currency has breached the bearish trend line which supports the bullish trend in the current formation on the interval 240 minutes and we do not recommend rushing and buying now until the break of $ 110.42.

Analysis of technical indicators of the digital currency Dash:

The ADX indicator points to a weak current bullish trend as trading is below 30 pips.
The SMA 20 represents a very important support area for the encrypted currency.
And the momentum indicator 14 RSI is trading in a bullish direction under formation. This trend supports the breach of the bearish trend line.

Outlook:

It is expected that, in the case of the encrypted currency breach of levels of $ 110.42, Dash may target areas of $ 136.08.
On the other hand, if the Dash breached $ 101.38 level, the encrypted currency might target $ 92.39.
Support: 106.09-92.39- 82.00
Resistance: 115.75- 129.41- 143.75
Trend: Up

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