The difficult $0.013 resistance price level has eventually given way to the bull market. The Dash 2 Trade market is now in new price zones. The market now moves within the $0.014 and $0.015 price zones, and to effectively deal with bearish resistance, the bulls have secured a support price level at around $0.014. The market is still in an upward trend as we continue to have higher lows on the chart.
Key Levels
- Resistance: $0.019, $0.020, $0.025
- Support: $0.010, $0.0076, $0.005
Dash 2 Trade (D2T) Price Analysis: Bulls Are Aggressive
The bulls are aggressive, and their market continues to gain momentum by the day. The Bollinger Bands indicator illustrates the weakness in the bear market as the volatility seems to be reducing. The lower standard deviation curve is now moving along with the other lines in an upward direction. The momentum of the bull market, according to the Relative Strength Index (RSI), is measured at 64. However, according to the Moving Average Convergence and Divergence (MACD) indicator, it reflects bearish activities. The indicator shows weakening bullish histograms. This may be due to the activities of sellers at the $0.015 resistance price level. To effectively deal with this, the bulls now have new higher support at the $0.0145 price level.
D2T/USD Short-Term Outlook: The Bulls Are Catching Up (1-Hour Chart)
From the perspective of a 1-hour timeframe on the Dash 2 Trade market, the bull market catches up with the bear market. And as a result of this, the Bollinger Bands indicator converges to illustrate peaking tension in the market from this perspective. The price, for now, is at $0.015, and this is the equilibrium price as the tug-of-war gets intense. With the indicator pointing to increasing bullish strength, there is a high probability that the market will continue to trend in an upward direction.
The Dash 2 Trade development team recently made several updates to the platforms that will improve user experience and ensure you get the most out of your trading.
Weekly #D2T development update – 20th of February📈
A thread 🧵
✅Last week the dev team focused on polishing existing features to improve the user experience. It also added an APM to track the platform performance and make sure it's up and running. pic.twitter.com/BH9tCyHnMJ
— Dash 2 Trade (@dash2_trade) February 20, 2023
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