Baxia Markets
July 08, 2021

Dash continues moving sideways.

technical analysis top header -01The cryptocurrency has not been able to go above the $148.2 price line in 17 trading sessions. Price seems to be consolidating around the $130 level. For the last ten sessions, the pair has not been below $129, which is a very small range for a cryptocurrency.

The Bollinger bands continue shrinking, indicating that volatility could be low for the upcoming sessions. The price trades in between the bands, which tells us that the price is reasonable. The relative strength index is at 39%, and it has not been above 45% since mid-May.


Short and long-term moving averages continue moving downwards, and the gap between the lines continues increasing, suggesting that the general trend is still downwards. Our parabolic SAR indicator strengthens these short signals.


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. 


cryptocurrency, trading conditions, technical analysis, trading indicator

Subscribe by Email