Since the Dash 2 Trade market fell below the $0.003 price level, it has been unable to rally back above it. Bears are demonstrating strong control over the $0.003 price level. However, bulls remain resilient, repeatedly testing this level. A breakout may be imminent.
Key Levels to Watch:
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.0020, $0.0018, and $0.0017
Dash 2 Trade (D2T/USD) Price Analysis: The Indicators’ Point of View
The latest candlestick on the chart has an almost nonexistent body with significant upper and lower shadows. This indicates that both demand and supply forces are currently equal, resulting in an equilibrium around the $0.0029 price level. Bears are unable to push the market further down, and bulls are unable to push it upward. However, if the bulls can prevail at this price level and force the bears to retreat, the $0.003 resistance level will come under substantial pressure and might eventually be breached.
D2T/USD Short-Term Outlook: 1-Hour Chart
Examining the Bollinger Bands, we observe the bands initially indicating an upward-moving price channel. However, the $0.003 price level has proven to be a significant hurdle, causing the bands to now reflect a horizontally moving price channel. The Relative Strength Index (RSI) indicates slightly more bearish pressure than the 4-hour chart, but with a momentum measurement of 44, the market remains in equilibrium. Consequently, Dash 2 Trade bulls are holding strong at the critical $0.0029 level, which may give them the advantage needed to challenge the $0.003 resistance level.
Buy $D2T!
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