Dash Price Analysis: Following some monumental bullish days, the bears finally take control
- DASH/USD is still trending above the 20-day Bollinger Band.
- The Relative Strength Index (RSI) is trying to break below the overbought zone.
DASH/USD daily chart
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DASH/USD has fallen from $133.65 to $122.35 in the early hours of Thursday. The bears have stepped in to correct the price after six consecutive bullish days, wherein the DASH/USD spiked from $50.70 to $133.65. The price is trending above the 20-day Bollinger Band, 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves. The Moving Average Convergence/Divergence (MACD) and Elliott Oscillator both indicate increasing bullish sentiment. The Relative Strength Index is just about to leave the overbought zone, indicating that we may be in for a little more bearish correction.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
