At the $0.0153 price level, traders began to place long trades, and as more bulls entered the D2T market, it turned to the upside. Currently, the bullish price has caught up with the 20-day moving average curve. This new achievement is going to turn the direction of the market upward. The market has more prospects for a bullish trend, as the recent bear market made the price drop below the key support level. Therefore, bulls are more likely to start gaining ground from here.
Key Levels
- Resistance: $0.060, $0.065, and $0.070
- Support: $0.016, $0.015, and $0.014
Dash 2 Trade (D2T) Price Analysis: The Indicators’ Point of View
The Moving Average Convergence and Divergence (MACD) is currently having a bullish crossover of the curves below the zero level. Also, the Relative Strength Index (RSI) portrays the price reaching the equilibrium level. That is a major achievement for the bull market. It is also a sign to alert traders to start buying now to maximize profit when the market reaches a targeted height.
D2T/USD Short-Term Outlook: 1-Hour Chart
From this timeframe, we discover that the bull market is currently dealing with resistance at $0.175. However, the force behind the bullish trend is still very strong. The resistance will soon be captured to give way to the progress of the bull market. Due to the encounter of resistance, the Bollinger Bands became divergent to indicate volatility. This does not necessarily mean the trend will be aborted; instead, the resistance will be overcome. The next stop for the market should be $0.026.
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