Dash 2 Trade (D2T/USD) Makes a U-turn Below the $0.007 Price Level

From June 13 to June 17, the D2T market consolidates below the 20-day moving average. Then on June 17, it had another significant bearish breakout, plunging the market below the $0.007 price level. The bearish price was rejected at $0.006474 on the same day, but bears appear to now be occupying the $0.007 price level, which was once the bullish support.

Key Levels

• Resistance: $0.015, $0.016, and $0.017
• Support: $0.007, $0.006, and $0.005.

Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View

In the second trading session of today, we saw the appearance of a spinning top candlestick pattern. It is a sign that the Dash 2 Trade bulls may take over the market from this point on. The appearance of a spinning top candlestick in the ongoing downtrend is a sign of trend reversal, and this is what we can see playing out already on the 4-hour chart. However, with the resistance now formed at the $0.007 price level, the market requires more bullish forces to break the barrier and carry on in a bullish direction.

D2T/USD Short-Term Outlook: 1-Hour Chart

The Dash 2 Trade in a smaller timeframe is now above the 20-day moving average. Although, according to the Bollinger Bands indicator, the market is in a volatility squeeze, the upper standard deviation is responding to the price actions as bulls seek to reclaim the $0.007 price level. But according to the Relative Strength Index (RSI), the market is at equilibrium. Therefore, the market needs more bullish forces to push it through the barrier.

On Dash 2 Trade Discord channel, the team will be posting live changelog updates as the develop a trade signals platform.

Even during #SEC storms ⛈️, #Tether quakes 🫨 , and market turmoil 😖😡😭

🦾Dash2Trade is a team of all weather builders🤳

👀Follow along with live changelog entries on our Discord as we build out our trade signals platform. 🏗️ pic.twitter.com/rlL5we7XST

— Dash 2 Trade (@dash2_trade) June 16, 2023

Do you want a coin with great potential for enormous returns? Dash 2 Trade (D2T) is that coin. Buy D2T now!