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DASH Technical Analysis | 8 August 2019

2019-08-08 10:03 am | Resource: Technical Analysis Section | No Views : 36

DASH Technical Analysis | 8 August 2019 Digital Currency Dash against USD during yesterday's trading failed to stabilize above $ 106.09 due to pressure from sellers.
The cryptocurrency continued to bleed until it touched the first support areas at $ 102.09 levels and as buyers intervened bounced towards the $ 110.27 zones.
DASH Technical Analysis | 8 August 2019 
Cryptocurrency Dash Our outlook is neutral for the time being as a result of not trading through a specific direction on the 240 minute interval as it has, so far not confirmed the breach of the downtrend line we mentioned before.

Analysis of technical indicators of the digital currency Dash:

The ADX is currently trading below 20 pips and is therefore neutral.
SMA 20 interferes with price action and therefore is currently neutral.
Momentum RSI 14 is currently neutral.

Outlook:

It is expected that, in case the cryptocurrency break the $ 110.27 levels, Dash may target areas of $ 136.08.
On the other hand, a digital currency break of $ 101.51, Dash might target $ 92.39.
Support: 106.09-92.39-82.00
Resistance: 115.75- 129.41- 143.75
Trend: Neutral

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