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DASH Technical Analysis | 11 September 2019

2019-09-11 08:20 am | Resource: Technical Analysis Section | No Views : 28

DASH Technical Analysis | 11 September 2019 The cryptocurrency Dash against USD continued to rise this week and with touching areas of $ 89.17 fell due to weak bulls momentum during yesterday's trading.
 It continued to decline to break the rising trend line during Monday's trading as a result of bear pressure on it and did not stop there but fell towards $ 80.44 areas.
DASH Technical Analysis | 11 September 2019 
The digital currency Dash is currently trading through a bearish trend that is being formed on the hourly time frame. This trend supports breaking the rising trend line and is currently trying to break the first support areas.

Analysis of technical indicators of the digital currency Dash:

ADX indicates a downtrend.
The 20 SMA is neutral as a result of overlapping price action.
Momentum RSI 14 broke the rising trend line during yesterday evening trading.

Outlook:

It is expected that, if the cryptocurrency breaks through the $ 89.17 levels, Dash may target areas of $ 93.57.
However, a Dash break of $ 80.44, It could target $ 78.08.
Support: 82.00- 74.34 - 69.53
Resistance: 92.39- 106.09 - 115.75
Trend: Down

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