The Dash 2 Trade bulls have successfully claimed the support price level at the $0.028 level, which was once the resistance level. The bullish price took off from the $0.028 price level and drove the market above the $0.03 price level. Buyers were targeting the $0.03 price level as their new stronghold, but the resistance was strong at around $0.031, leaving the bulls no choice but to retreat back to the key support level. The bullish price rallies from this level.
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
Although the bullish price was rejected at $0.031 and the market turned south, the bullish support at $0.028 remains very strong, and the price is expected to rally from this level. Also, the support level of $0.028 is above the 20-day moving average; therefore, the bulls are still very much in the game. However, the momentum of the bull market is low, as the Relative Strength Index (RSI) measures it at level 54.
D2T/USD Short-Term Outlook: (1-Hour Chart)
The two market forces are becoming evenly matched when we look at the market from the standpoint of the 1-hour chart. The price is pegged between demand and supply in an intense faceoff. The very recent candlestick on the 1-hour chart suggests a lack of interest among traders at this point in time, as the volume of trade, is in “short supply.” The D2T market is, however, set for bullish actions, and as soon as we begin to see an increase in the volume of trade, the price will pump.
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