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DASH Technical Analysis | 16 August 2019

2019-08-16 08:01 am | Resource: Technical Analysis Section | No Views : 28

DASH Technical Analysis | 16 August 2019 Digital Currency Dash against USD, during yesterday's trading broke $ 97.69 as a result of pressure from sellers and then fell to break the $ 95.93 low.
The cryptocurrency fell during dawn trading yesterday to break the $ 92.93 zones and succeeded in that, and with retesting these levels failed to penetrate these areas and fell towards the areas of $ 89.33.
DASH Technical Analysis | 16 August 2019
Cryptocurrency Dash ended our neutral outlook overnight trading with a break of $ 97.96 over the 240-minute interval. Currently, it is trading through a downtrend supported by this failure to break through the $ 106.09 resistance zone.

Analysis of technical indicators of the digital currency Dash:

The ADX is indicating the strength of the current downtrend, trading above 50 pips.
The 20 SMA is currently bearish which supports the current bearish trend.
Momentum RSI 14 is trading through a downtrend that is still underway. Failure to break 30 pips zones, thus the bearish trend suffers from weaker sellers.

Outlook:

It is expected that, if the cryptocurrency breaks through the $ 106.09 levels, Dash may target areas of $ 117.29.
However, a digital currency break of $ 95.53 level, Dash might target $ 82.00.
Support: 92.39-82.00-75.00
Resistance: 106.09 - 115.75- 129.41
Trend: Neutral

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