Baxia Markets
February 02, 2022

Dash continues moving laterally 02/02/2022

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After finding support at $80.67 Dash managed to recover almost 20% but there have not been very significant movements since the pair is moving laterally as the markets are uncertain. The pair traded at its lowest level since January 2021.


The Bollinger bands are very wide but they are closing up slowly, which indicates that there will still be some volatility; however since the markets are undecided, the price continues to move laterally without much change. The price trades below the short and long-term moving averages, which indicates that the downtrend could continue.


Dash Feb 2nd 2022


The relative strength index is at 34% a level that would allow the price to move up freely if other conditions and technical indicators were there. The price is in a consolidation period and it could take a few more sessions for us to see action.


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cryptocurrency, trading conditions, technical analysis, trading indicator

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