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    Baxia Markets
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    April 20, 2022

    Dash is likely to continue downtrend.

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    The crypto asset is unable to complete the breakout on the resistance at $108.315 on our 23.6% Fibonacci retracement. The short and long-term moving averages crossed in the previous session, indicating the potential of the price to continue moving in a downward direction for the upcoming sessions. The general downtrend continues for Dash.

     

    The Bollinger bands are wide enough to expect high volatility in the upcoming days, the bands are moving downwards which is often an indication that the price will move in that direction, once the price gets closer to the lower band we could see the bleeding stop as it will act as a support level for the price.

     

    Dash April 20th 2022

     

    The relative strength index is at 46% which will allow the pair to continue moving downwards in the upcoming trading sessions until it gets closer to or below 30%. The pair has been trading inside the Ichimoku cloud for the last nine trading days, which is often a signal of market uncertainty.

     

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