The Dash 2 Trade’s demand line continues to drain out the selling pressure as the support level stands strong. D2T bears are relentless, but the support level remains strong and will not budge. This deadlock situation is leading to a flat market or a price consolidation trend.
Key Levels
- Resistance: $0.019, $0.020, and $0.025
- Support: $0.010, $0.076, $0.005
Dash 2 Trade: The Indicators’ Outlook
With this impregnable support level, a bullish price breakout is imminent. The price action is forming a descending wedge triangle pattern, which should result in a bullish price breakout when the faceoff between the two market forces reaches its climax. The Bollinger Bands are contracting. And this tension is building up around $0.0142, which is around the support level. The Dash 2 Trade demand line remains unyielding to pressure.
D2T/USD Short-Term Outlook: Bullish Recovery (1-Hour Chart)
This 1-hour chart point of view establishes the price consolidation sentiment. The price action is moving along with the 20-day moving average. The RSI line measures the market momentum at around the midpoint of the indicator. The Bollinger indicator tells us that the tug-of-war intensifies, and there is about to be a price breakout.
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