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Dash price analysis: DASH/USD bounces up from the lower Bollinger curve

FX Street
Updated:
  • The 20-day Bollinger jaw has widened, indicating increasing price volatility.
  • The Elliott Oscillator has had 15 straight red sessions.

DASH/USD daily chart

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DASH/USD has bounced up from the lower Bollinger curve this Thursday, moving up from $63.70 to $64.15. The price is floating below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves. The 20-day Bollinger jaw has widened, which indicates increasing price volatility.  

The Elliott Oscillator has had 15 straight red sessions, while the Moving Average Convergence/Divergence (MACD) indicates sustained bearish momentum. The Relative Strength Index (RSI) indicator is trending around 35.10, next to the overbought zone.
 

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