The $0.011575 price level continues to serve as a strong D2T bullish fortress in today’s trading session. At this level, we notice repeated bullish attempts issuing out of this demand level of $0.011575. However, the resilient bull market has the $0.01238 price level to deal with. This price level is also a strong resistance level. Therefore, the market is restricted within this narrow price channel.
Key Levels
- Resistance: $0.060, $0.065, and $0.070
- Support: $0.010, $0.009, and $0.008
Dash 2 Trade (D2T) Price Analysis: The Indicators’ Point of View
Due to this intense struggle for price control, the market has entered a consolidation trend, and according to the Bollinger Bands indicator, the converging bands indicate that the bulls are about to overrun the market. The bulls are catching up with the bears, just as the 20-day moving average is about to catch up with the price action. The convergence of the two standard deviation curves suggests that a strong movement of the market in a definite direction might take place any time from now.
D2T/USD Short-Term Outlook: 1-Hour Chart
From a 1-hour chart perspective on the market, we are already having higher lows, and the price channel is now turning to the upside. According to the Relative Strength Index (RSI), the selling momentum is reducing. The RSI line now measures at level 46. This points to a progressive bullish recovery. Traders might want to place a long trade as bullish sentiment is growing around the support level.
Trading is simple with the help of the D2T strategy builder and social trading tools. Additionally, you can take part in Cryptopresales thanks to the D2T unique scoring system.
Trade smarter and easier with Dash 2 Trade! 💰🚀
🔥Our strategy builder and social #Tradingtools make #Trading a breeze. Plus, with our bespoke scoring system, you can participate in #Cryptopresales.
Get your $D2T now and start trading like a pro ⬇️https://t.co/J5q9iuWuAu pic.twitter.com/WymOIWwbJm
— Dash 2 Trade (@dash2_trade) May 7, 2023
Do you want a coin with great potential for enormous returns? Dash 2 Trade (D2T) is that coin. Buy D2T now!
Leave a Reply