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    Baxia Markets
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    June 17, 2021

    Dash looking stable, needs higher volatility

    technical analysis top header -01

    Dash continues moving laterally between the $152 and $179 levels. In today's trading session, the cryptocurrency is up 1.7% so far.

    The pair has been very quiet for the last ten trading sessions, the Bollinger bands are narrow, and volatility has been low recently. However, we see a slight chance of the bands opening as the edges are barely pointing outside; this would bring higher volatility to the pair.

    The Relative strength index has been close to 40% for the last month, making it hard to predict direction.

     

    Dash June 16th 2021


    The general trend continues to be downwards, and the price continues to lose ground overall. Short- and long-term moving averages are still moving down. Moreover, the price still trades below the lines, indicating that a downtrend should continue at least for the medium term.

    There could be pullbacks as the crypto world is being shaken by fundamental news. So stay alert. We recommend this asset to those looking for day trading instruments with mild volatility for the short term but no real action.

     

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    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 

     

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    cryptocurrency, trading conditions, technical analysis, trading indicator

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