Dash DSH/USD is traded at the level of 446. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Dash. Ichimoku Kinko Hyo Cloud is expected to test near the 475 level, from which it is expected to rebound and attempt to continue falling Dash with a target below the level of 400.
Dash forecast & analysis DSH/USD May 9, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the resistance area test, as well as the lower bound of the «Triangle» model. Earlier, we received a weak signal for buy of Dash cryptocurrency, due to the crossing of signal lines at level 475.
The cancellation of the Dash fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 500, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes DSH/USD is with the breakdown of the support area and closing below the level of 420.