Baxia Markets
November 09, 2021

Dash closed with a 9.38% profit in a single session.

technical analysis top header -01

Last week the cryptocurrency suffered a retracement to the 190's level. It's now hedging for a three-day winning streak, but it faces a resistance at the 214.348 level, which is the previous high since September 19th.

The Bollinger bands are opening up, and we can expect higher volatility in the upcoming trading sessions. The price trades closer to the upper band, indicating that it is relatively high, which could bring it down a bit. The pair just exited the Ichimoku cloud, giving an extra boost to the uptrend. If the bands continue to open up, we might see the price continue climbing.


Dash Nov 3rd 2021

The relative strength index is at 61%, which is a tight spot, but it still has some more juice to squeeze on the uptrend. If the price falls, it will re-enter the Ichimoku cloud, and that will bring market uncertainty.

The short and long-term moving averages trade below the current price level, and although they are getting closer, we believe they will adjust in the upcoming sessions. They still indicate an uptrend at the moment.

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