Baxia Markets
September 16, 2021

Dash finds support at $186 after losing 29%

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The cryptocurrency is on a temporary downtrend, which might come to an end. Dash lost more than 29% in the last ten trading sessions but found support close to the 23.6% Fibonacci retracement. The price is trading barely outside the Ichimoku cloud, indicating an uptrend.

The Bollinger bands are wide, and volatility should be high in the short term. Price is recovering after the loss it took a few days ago. The short and long-term moving averages continue suggesting an uptrend; however, they are coming close to a cross since the big losses have more weight in the compounding of the lines.


Dash Sept 15th 2021

The relative strength index is currently at 46%, which will allow the uptrend to continue. The RSI came close to entering an overbought status, which drove the price down; this pullback will enable Dash to gather strength to continue with the uptrend.

Our parabolic SAR indicator suggests that the price will continue to fall; however, we could see the price bounce in the short term since the price found support.


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