Buying Dash 2 Trade (D2T) now is the best move to make at this point in time. When you buy the market at a low price, you increase your chances of making a profit. The bear market is approaching the $0.0097 price level. This major price level marks the point at which bulls took control of the market and prices began to rise. However, even at the current price of around $0.0108, the demand line is giving the bears a tough time
Key Levels
- Resistance: $0.019, $0.020, and $0.025
- Support: $0.010, $0.076, $0.005
Dash 2 Trade (D2T) Price Analysis: The Indicators’ Point of View
As the bulls struggle to prevent further price depreciation, they eventually lose control of the price, allowing bears to make a significant move in the market. Looking at the Bollinger Bands indicator, the downward-moving bands are changing as the indicator is about to start depicting a sideways-moving price channel due to a quick response from the demand line. The bull market is catching up with the bears.
D2T/USD Short-Term Outlook: Bullish Price Recovery (1-Hour Chart)
The convergence of the Bollinger bands indicator intensifies. The bulls are making a serious effort to prevent the progress of the bear market. After the market fell off the equilibrium level, we saw the bull market bounce back. The Relative Strength Index (RSI) line now measures around 41 levels. The first thing the bulls need to do now is restore the price to the point of equilibrium. This will stop the downward movement of the market.
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