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DASH Technical Analysis | 26 April 2019

2019-04-26 08:15 am | Resource: Technical Analysis Section | No Views : 56

DASH Technical Analysis | 26 April 2019 Dash against USD during yesterday's trading broke the areas of 117.48 $ and continued to decline to break 115.75 support first and continued bleeding until 105.50 zones.
The encrypted currency failed to breach the first support area during the morning session due to weak sellers' resolve.
 DASH Technical Analysis | 26 April 2019The digital currency ended our neutral view with a break of $ 113.45 on the 240-minute interval (4 hours) and is currently trading in a bearish direction.
 This trend needs to break the $ 105.50 areas to confirm its strength and gain more momentum.
It should be noted that, the encrypted currency achieved its target, which we mentioned earlier in the case of breaking areas of $ 117.48, where targeted $ 106.80.

Analysis of technical indicators of the digital currency Dash:

The ADX indicator indicates weakness in the current bearish trend.
The SMA 20 is currently bearish, supporting the downside move.
The 14 Relative Strength Momentum (RSI) is currently neutral as a result of non-trading in a specific direction 16 days ago.

Outlook:

It is expected that, in the event of penetration of electronic currency Dash levels of $ 117.37 may target areas of $ 131.60.
While a break of $ 105.50 might target $ 100.15.
Support: 106.09 - 102.24 - 92.39
Resistance: 115.75 - 129.41 - 143.75
Trend: Down

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