As the faceoff between Dash 2 Trade bulls and bears extended into the second day, the bulls lost their grip on $0.0139, which was the second-to-last, line of defense for the D2T bulls. The current value is $0.0133. The demand line is going to gather momentum at this new level to reclaim its bullish position.
Key Levels
- Resistance: $0.019, $0.020, and $0.025
- Support: $0.010, $0.076, $0.005
Dash 2 Trade (D2T): Looking at the Market Through the Indicators
The Bollinger bands indicator is still portraying the D2T market as moving straight horizontally. However, a very slight divergent shift of the lower band can be seen. The strong Dash 2 Trade bulls have effectively cut short the bearish price. Both the Bollinger Indicator and the RSI indicators show the market below the equilibrium, for the time being, favouring the bears. But as for the MACD, the lines and the histograms have converged at level zero. This means the Bulls are still in the game.
Dash 2 Trade Short-Term Outlook: Bulls Are Responding (1-Hour Chart)
The Price of Dash 2 Trade is beginning to rally as the bulls take basis from the key support. The RSI line is retracing an upward level after hitting the threshold of the oversold region. The negative histograms of the MACD are now showing signs of bullish price recovery. Before the next daily session, the market should reclaim the $0.014 price level.
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