Baxia Markets
September 30, 2021

Do you think Dash will continue sinking?

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The cryptocurrency has been on a downtrend for almost five months now; back in mid-August, it looked like that was going end; however, the price dove again and could be finding a solid support level at $146.54

The Bollinger bands are wide and pointing down, which suggests that the downtrend will continue; the price trades closer to the lower band, indicating that it is relatively low, which could incentivize investors to start opening long positions.


Dash Sept 29th 2021

The relative strength index is at 39%, which would allow the pair to start an uptrend and potentially break the 23.6% Fibonacci retracement, but there is still a lot of work to be done to get there.

The short and long-term moving averages gap continues expanding, which strengthens the downwards trend. We would have to wait and see what the price does in the next few sessions to make a trading decision. Is it too soon to buy the dip?


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