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    Baxia Markets
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    February 16, 2022

    Dash is on a 3-day winning streak

    technical analysis top header -01

    The cryptocurrency is up 10.37% in the last three trading sessions, it is getting closer to the resistance at 120.208 at our 23.6% Fibonacci retracement, Dash could be able to test it in the next sessions. Our parabolic SAR indicates that the price would continue climbing.

     

    The Bollinger bands are not very wide which will likely help the pair maintain the same level of volatility in the short term, the price is closer to the upper band as the pair continues climbing it could be considered relatively high if the upper band does not expand soon.

     

    Dash Feb 16th 2022

     

    The relative strength index is at 54% which would allow the pair to continue climbing; however the resistance at the upper band might put a stop to the uptrend, but we would have to wait until it gets closer to see how strong that resistance is. The price trades above the short-term moving average and slightly below the long-term MA.

     

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