Towards the end of yesterday’s trading session, the D2T market neared the $0.03 price mark, but the bullish price got rejected at around the $0.0294 price level. The selling pressure is driving the price to the downside, an ideal place for traders to buy. Currently, the market moves around $0.0259. With an incline in the buying pressure, the bull market will be back on the trail of the March 6 price level, which is $0.054.
Key Levels
- Resistance: $0.060, $0.065, and $0.070
- Support: $0.020, $0.0025, and $0.030
Dash 2 Trade (D2T) Price Analysis: The Indicators’ Point of View
From a broad perspective of the market, the bear market is slowly driving the market to the downside. However, the bear market lacks momentum, as the bulls are still very formidable; this is slowing down the bear market. The bullish market recovery is just around the corner, as buyers are still pushing the market. In the Moving Average Convergence and Divergence (MACD), the market has not yet lost its bullish crossover. So the bulls are still in the game; however, more bulls are needed to turn the market to the upside.
D2T/USD Short-Term Outlook: (1-Hour Chart)
From a 1-hour standpoint, the struggle in the market is heating up. The latest appearance of the Doji candlesticks suggests a faceoff between demand and supply. However, there is a high probability that the market will bounce off of the $0.0254 price level. If the market continues to range sideways with the continuous appearance of Dojis, the price channel will become narrower, and this will eventually provoke a price breakout.
Take advantage of the Dash 2 Trade community.
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Do you want a coin with great potential for enormous returns? Dash 2 Trade (D2T) is that coin. Buy D2T now!
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