Baxia Markets
January 13, 2022

Dash fails to break resistance at $151

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The cryptocurrency had a four-day winning streak where it made 25% but found strong resistance at the 23.6% Fibonacci retracement that prevented the pair to continue climbing. The price is down almost 10% in the last four trading sessions.


The Bollinger bands are closing up again and this will decrease volatility in the short term, as long as the bands are narrow we expect the pair to continue moving sideways. The consolidation period continues and there is not a defined trend on this cryptocurrency at the moment.


Dash Jan 12th 2022


The relative strength index is currently at 48% which will allow the pair to move in either direction at the moment. Our short and long-term moving averages crossed three sessions ago indicating an uptrend, however the price now trades below the short term moving average which often indicates a downtrend. The markets are undecided and it could take some time for a clear trend to start.


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