After almost reaching an oversold status, Dash rebounds, the price is at the 175 levels currently, and it is expected to continue climbing. The Bollinger bands are opening up; the price is traded closer to the lower band, which drives the price.
The relative strength index is recovering from a near oversold status, and its currently at 40%, which will allow the pair to continue climbing for the short term. The price aims to break the resistance level at the 23.6% Fibonacci retracement of 190.399; this will be a big test for Dash as it might struggle to complete the breakout in the short term. A lot will depend on the RSI level once it gets closer to the resistance.
Our parabolic SAR indicator suggests that the downtrend will continue; however, this is a lagging indicator and requires a confirmation candle.
The general trend continues to be downwards as the short and long-term moving averages cross and are moving down.
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