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    Baxia Markets
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    August 05, 2021

    Could Dash break the resistance at $190?

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    The cryptocurrency has been on an uptrend since mid-July. The short and long-term moving averages crossed seven trading sessions ago, which could push the price to the $175 levels; if it manages to break that previous high in one and a half months, we could see the price continuing its uptrend to the $190 levels.

    After the relative strength index got to 68%, traders reacted and started driving the price down, anticipating an overbought status. The pair now could retrace to gather strength and continue its uptrend.

     

    Dash August 4th 2021


    The Bollinger bands are wide and moving up, indicating an uptrend; however, the price is close to the upper band, suggesting that the price is relatively high; we could see the cryptocurrency find support at the $147.419 or before.

    The price is currently trading inside the Ichimoku cloud, indicating that there is market uncertainty. Our parabolic SAR indicator suggests that the pair will continue to move up in the short term; however, this is a lagging indicator used mainly as support.

     

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