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DASH Technical Analysis | 20 August 2019

2019-08-20 07:58 am | Resource: Technical Analysis Section | No Views : 18

DASH Technical Analysis | 20 August 2019 Digital currency Dash against USD During last Friday's trading broke areas of $ 92.39 as a result of pressure from sellers and thus fell towards areas of $ 88.79.
The cryptocurrency rebounded from the $ 88.79 areas during this morning to break through the resistance areas of $ 92.39, and continued to rise up to the $ 95.48 areas it achieved during the morning trading.
DASH Technical Analysis | 20 August 2019
Cryptocurrency Dash is trading in a bearish direction over the 4 hour interval. This trend suffers from weakness due to weak sellers' resolve, as well as the formation of a higher top and another high.

Analysis of technical indicators of the digital currency Dash:

The ADX indicator is currently insignificant.
SMA 20 is a very important support area at the moment.
Momentum RSI 14 has breached the falling trend line during Sunday's trading with the trendline test stabilized above.

Outlook:

It is expected that, if the cryptocurrency breaks through the $ 95.48 levels, Dash may target areas of $ 103.40.
On the other hand, a dash break of $ 88.88, It might target $ 82.00.
Support: 92.39-82.00-75.00
Resistance: 106.09 - 115.75- 129.41
Trend: Down

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