The D2T/USD bulls in are strategically entering the market around the $0.0042 price level in anticipation of a potential price rally. Their intervention has effectively curtailed the bearish momentum, yet a noteworthy standoff between bulls and bears near the $0.0042 price level has resulted in a consolidative phase within the market.
Key Levels
- Resistance: $0.010, $0.011, and $0.012.
- Support: $0.004, $0.003, and $0.002.
Dash 2 Trade (D2T/USD) Price Analysis: The Indicators’ Point of View
As the current market price consolidates around the $0.0042 level, there is a possibility that prolonged ranging may gradually erode bearish strength, potentially giving way to a bullish reversal. The chart and indicators depict a scenario where bulls and bears are in a face-off. Presently, D2T/USD bulls hold a slight advantage, as evidenced by the price action remaining above the 20-day moving average. However, the pronounced upper and lower shadows on the chart suggest active participation from both bulls and bears, with their efforts currently balanced against each other.
Dash 2 Trade Short-Term Outlook: 1-Hour Chart
In the 1-hour timeframe, the market reflects an increasing momentum favoring the bulls as they exert upward pressure. The price action exhibits a noticeable upward trend, with the Bollinger Bands indicating a transition to an upward-moving price channel. Further reinforcing the bullish sentiment is the recent candlestick pattern, identified as a hammer. This pattern signifies growing strength in the bull market, suggesting a potential continuation of the bullish trend.
Dash 2 Trade is introducing enhancements, addressing bugs, and implementing new upgrades.
Dash 2 Trade Development Update:
28.11.2023Autotrader pages migrated, “My Exchanges” page added, tested smaller timeframe presets, improved UI, updated subscriptions, and fixed tokens table search bug.
-Migrate autotrader pages to app folder.
-“My Exchanges” page created.… pic.twitter.com/YklqtMUEMj— Dash 2 Trade (@dash2_trade) November 28, 2023
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