Dash 2 Trade (D2T) bulls are making aggressive moves as they keep pushing the price to the upside. They are now ready to take up the $0.014 price level. But it seems like their strong bullish activities are triggering a response from the supply zone. Despite this response from bears, the bulls are managing to keep the upper hand in the market.
Key Levels
- Resistance: $0.019, $0.020, and $0.025
- Support: $0.010, $0.076, $0.005
Dash 2 Trade (D2T) Price Analysis: Price in the Buy Zone
Due to the response from the D2T supply zone, the Bollinger Bands indicator is expanding. This is an indication of pressure on the price from the two market forces. And the appearance of a spinning top candlestick pattern on the chart reflects the increasing volatility in the market. For now, all the indicators carry a bullish sentiment, which means it is likely for the price to continue to trend upward. At 59, the Relative Strength Index (RSI) measures momentum.
D2T/USD Short-Term Outlook: Bulls Are Winning (1-Hour Chart)
As we look at the market from this standpoint, we notice that the bears’ move seems to be weakening. At $0.0121, the bearish price was rejected, and bulls bounced back into action. The force that is propelling the bull market is still on. Although, according to the Relative Strength Index (RSI), the curve is now in the bears’ zone; it is recoiling and seeking to cross out into the bulls’ zone. This bullish trend targets the $0.02 price level.
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