The Dash 2 Trade bearish stronghold at around the $0.0162 price level finally breaks as it can no longer take more pressure from the demand line. The supply line has remained unmoved while the bulls kept securing higher support levels, thereby putting more and more pressure on the position of the bears in the market. As the buyers increased the pressure to a certain level, we noticed the appearance of Doji candlestick patterns, which is an indication of the peak of the struggle between the two market forces.
Key Levels
- Resistance: $0.019, $0.020, and $0.025
- Support: $0.010, $0.0076, and $0.005
Dash 2 Trade (D2T) Price Analysis: $0.02 Price Level Is Still Within Reach
The market went into a brief consolidation trend above the 20-day moving. This deadlock situation was illustrated by the Bollinger Bands indicator with its bands slightly converging because the bull market has a bit of an upper hand over the bears. Then we saw a bullish price breakout, which was a very significant move, but the bears were able to regain their grip on the market at around the $0.02 price level. We noticed a spinning top candlestick pattern representing the current 4-hour trading session. This means that the bear market is bouncing back. There is a high level of indecision in the market at the moment. The market receives pressure from both sides but remains largely unaffected because the forces of demand and supply match each other. 
D2T/USD Short-Term Outlook: The Bulls Are Catching Up (1-Hour Chart)
The bear market was triggered at the $0.02 price level. They gathered momentum, and they shifted the resistance level to around the $0.0185 price level. The tug-of-war still goes on around this price level. The Relative Strength Index (RSI) indicator shows the bull market bouncing back. The RSI line, which was moving down in a steep manner before, now recoils to measure at level 64. The implication of this is that there might still be room for more bullish action in this market.
One of the secrets of a successful trader is to be well informed of the activities in the crypto space and have the ability to use the indications for one’s profiting.
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