MARKET NEWS

Latest Articles

    Featured Articles

    Filter By Topic
    Baxia Markets
    By
    June 15, 2022

    Dash sinks to lowest level since March 2020

    technical analysis top header -01

    The cryptocurrency continues the downward trend and fell to $38.51 earlier in the session, the pair has lost more than 40% in June alone, the price could find support at the new low and potentially recover some ground in the upcoming sessions but we would not expect it to be very significant.

     

    The Bollinger bands are wide open and we could see higher volatility in the upcoming trading sessions. The breakout from June 10th puts an end to the consolidation period, the pair trades below the lower band, suggesting that the price is relatively low. We could see a small recovery in the upcoming days.

     

     

    Dash June 15th 2022

     

    The relative strength index is at 28% which is oversold, but we can see it coming back up after spending three sessions in that status. Our parabolic SAR indicator suggests that the price is likely to continue moving downwards in the short term.

     

    We love to hear new ideas from traders and want to know what you think! 

     

    If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.

     

    Try Risk-Free Demo  

     

    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. 

     

    Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

    Subscribe by Email