Dash 2 Trade (D2T/USD) Gains Upward Traction

Although the D2T market is ranging sideways above the $0.007 price level, which is a crucial support level and a very likely position for an upward price bounce, It is noteworthy that all the while the price has been consolidating, there have been repeated appearances of long-legged dojis.

This means both buyers and sellers have been very active, but neither of them is in control of the price. In this context, the repeated appearance of long-legged doji might be a sign that the market will soon take up an upward price movement.

Key Levels

• Resistance: $0.015, $0.016, and $0.017
• Support: $0.007, $0.006, and $0.005.

Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View

The current D2T market behavior at this crucial demand level points to the fact that bulls might take control from here. However, from the standpoint of the indicator, the price is at equilibrium. Neither bulls nor bears could control the price of the market, despite the strong investors’ interest in the market.

Although bearish pressure forced buyers to secure support slightly below the $0.007 price level, bulls kept a strong grip on the demand level.

D2T/USD Short-Term Outlook: 1-Hour Chart

The accumulation of long-legged dojis in the 1-hour timeframe along a horizontal price level can act as a precursor to a Bullish price breakout. As traders become more indecisive, it often leads to a buildup of pent-up energy. A subsequent breakout above or below the horizontal level may result in a strong move in the direction of the breakout.

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