The Dash 2 Trade bearish trend is fading out at the $0.0153 price level, as traders are unwilling to buy the market at a price lower than the support level. As bullish sentiment continues to grow, traders are beginning to enter the bull market as the door of opportunity nears closing. However, at the current level, the market is facing a bit of resistance, which is expected to give way in the next daily trading session.
Key Levels
- Resistance: $0.060, $0.065, and $0.070
- Support: $0.015, $0.014, and $0.013
Dash 2 Trade (D2T) Price Analysis: The Indicators’ Point of View
The market bounced back after reaching the $0.0153 price level in the early hours of yesterday’s trading session. The Moving Average Convergence and Divergence (MACD) indicator had a bullish cross-over as a sign that the market will take up a bullish trend soon. However, the bears appear to still have more to offer, as resistance formed at $0.017 to hinder the bull market. Unfortunately for the bears, the support level is still very strong, and it’s not giving way to bearish pressure.
D2T/USD Short-Term Outlook: 1-Hour Chart
The bearish momentum is on the decline in the Relative Strength Index (RSI); the RSI line measures the momentum at level 41. Also, in the Moving Average Convergence and Divergence (MACD) indicator, the MACD line now rebounds for upside action. The negative histogram now turns faded red due to bullish activity. The diverging bands of the Bollinger Bands indicator are a pointer that the bulls are formidable.
Join the Dash 2 Trade platform and have access to a top crypto analytic platform.
🚀 Join the #D2T revolution now!
📈 A leading #Crypto analytics platform
💻 An all-in-one social #Trading platform
💰 A smart #Crypto asset to add to your portfolio💸 Buy $D2T now: https://t.co/J5q9iuWuAu#strategybuilding #crypto #trading #cryptocurrency #altcoins pic.twitter.com/BgonFlyrJn
— Dash 2 Trade (@dash2_trade) May 3, 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