Baxia Markets
October 22, 2021

Dash unable to consolidate breakout

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The cryptocurrency has not been able to continue climbing after breaking the resistance at 190, the price continues moving sideways and now entered the Ichimoku cloud which is considered an uncertainty area.


The Bollinger bands are very narrow and volatility should be low in the upcoming trading sessions, the price trades at the same level as the upper band, suggesting that it is relatively high, we could see a drop in price in the short term if the bands do not open up.


Dash Oct 20th 2021


The relative strength index is currently at 59% which is the one advantage Dash has in order to start a more aggressive uptrend, the support level is now at 190 and if the price drops to this level, its likely to see it sink even more because it doesn't have the strength in the market to hold on.


The moving averages indicate that the price should continue to go up in the short term as there has been a cross and the price trades above both MA’s.


Our parabolic SAR indicator suggests that the price will continue to move up.


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cryptocurrency, trading conditions, technical analysis, trading indicator

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