Dash DSH/USD is traded at the level of 290. 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 signal line area test is near the level of 295, from which one should expect a rebound and continuation of the bearish trend development with the target near the level of 255.
Dash prediction & analysis DSH/USD on October 12, 2017
An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a strong signal was received for the sell of Dash cryptocurrency, by crossing the signal lines at level 305. Canceling the variant of Dash quotations drop will be the breakdown of the upper boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations above area 315, which indicates a change of 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 level and the closure below the area of 270.