Baxia Markets
January 04, 2022

Could Dash finally break the $151.9 resistance?

technical analysis top header -01

The cryptocurrency struggled to go beyond the $151.9 price level in recent weeks, the resistance at the 23.6% Fibonacci retracement is strong and the breakout has not been completed, the pair will likely make another attempt in the short term.


The Bollinger bands are opening and point upwards which is often a signal for an uptrend, the pair tarded in between the band, suggesting that the price is at a fair level, our Parabolic SAR indicator suggests that the price will rise in the short term, would the trend be strong enough to break the resistance? We would have to wait and see.


Dash Dec 22nd 2021


The relative strength index is at 46%, a very neutral level that would allow the pair to move in either direction, but based on other technical indicators we believe that the price could rise in the short term.


We love to hear new ideas from traders and want to know what you think! 


If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.


Open Live Account  


Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 


Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

Subscribe by Email