The bullish momentum that initiated near $0.0007 has progressed beyond the $0.0008 resistance level but now encounters resistance at $0.001. This level has introduced a bearish bias, prompting a slight retracement. Bulls, however, have successfully converted $0.0008 from a resistance into a support level—a critical move for optimistic Dash 2 Trade traders seeking to establish momentum from this point. Maintaining support around $0.0008 could increase the chances of a breakout, especially if buying pressure continues to build at the $0.001 resistance level.
Key Levels to Watch:
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.00075, $0.00070, and $0.00065
Dash 2 Trade (D2T/USD) Price Analysis: The Indicators’ Point of View
The Bollinger Bands, defined by two standard deviations around the 20-day moving average, reflect an overall uptrend, though the upper band has begun to flatten near the $0.001 resistance. With the Dash 2 Trade price action bouncing off this level and finding new support at $0.0008, the trading volume histogram has flattened, suggesting moderate buying and selling interest. This flattening could indicate that traders are waiting for a decisive price move or allowing the market to consolidate before committing to new positions.
D2T/USD Short-Term Outlook: 1-Hour Chart
The 1-hour chart shows a period of consolidation following the recent rejection at $0.001, with price stabilizing around the $0.0008 threshold. The 4-hour chart reflects similar patterns, with subdued volume and an RSI indicating increased bearish pressure as the market moves toward $0.0008. Should the market break above the $0.001 resistance following this consolidation, an upward continuation is likely. For now, price action remains flat within a narrow channel as bulls look to gather momentum around the $0.0008 level.
Buy D2T/USD!
Dash 2 Trade Monthly Developer Update: (Sep 2024)
💫 New Features:
-Webhooks are out! You can now link your @tradingview account to Dash 2 Trade, and trade any custom signal/strategy from TradingView using Dash 2 Trade platform.
-Added Notification and Alerts for market events… pic.twitter.com/GMOmGQyqn5— Dash 2 Trade (@dash2_trade) October 7, 2024
Dash 2 Trade (D2T) is worth exploring. Buy D2T now!
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