• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

Dash 2 Trade (D2T/USD) Prepares for an Upward Market Movement

Johnathon Fox
10/30/2023 | UPDATED ON: 10/30/2023

The Dash 2 Trade market’s recent behavior indicates some interesting dynamics. It has indeed received support below the key support level of $0.0040, specifically at $0.0036. Additionally, it has made attempts to reach the $0.0045 price level, testing it twice, but appears to encounter resistance at the $0.0043 price level.

The fact that the market has tested the $0.0045 price level twice suggests that there is significant interest in this level. Repeated testing can sometimes indicate an increasing probability of breaking through the resistance.

Key Levels

  • Resistance: $0.010, $0.011, and $0.012.
  • Support: $0.004, $0.003, and $0.002.

Dash 2 Trade (D2T/USD) Prepares for an Upward Market Movement

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

The Dash 2 Trade market’s pause at the $0.0043 price level suggests the presence of a substantial resistance zone. It’s worth noting that it is not uncommon for markets to undergo consolidation and encounter resistance before making a decisive move. The establishment of a prominent resistance level at $0.0043 can be interpreted as a psychological barrier or an area with a significant concentration of sellers.

The Bollinger Bands reflect the market’s sideways movement, with the lower standard deviation indicating a potential upside direction. In contrast, the upper standard deviation curve maintains a horizontal trajectory. This discrepancy can be attributed to the persistent resistance offered by the $0.0043 price level, which has acted as a restraint on the bullish trend.

Nevertheless, the upward movement observed in the lower Bollinger Bands suggests a possible buildup toward an impending upward shift.

Dash 2 Trade (D2T/USD) Prepares for an Upward Market Movement

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

It appears increasingly probable that the market may experience a rebound at the $0.00419 level. Should this materialize, it would signify the establishment of a more robust support level, one that has the potential to exert pressure on the $0.0043 price threshold. A successful breach of this $0.0043 resistance level could pave the way for the market to advance towards the $0.0045 price level.

Given the recurrent testing of the $0.0045 level and the formation of higher lows, there exists a technical potential for an upward breakout. Traders will maintain vigilant observation for a sustained ascent beyond $0.0045, as such a development could stimulate increased buying interest.

Buy Dash 2 Trade today!

🚀 Smart Money Insights 📊

As always, full version is posted on our Discord. Link in bio!🔗

📊 Smart Money Stablecoin holdings have experienced a rapid decline, falling from around 17% to approximately 13% in just a few days. These subtle signals have been paving the way for a… pic.twitter.com/kHcb2zAq6Q

— Dash 2 Trade (@dash2_trade) October 25, 2023

Do you want a coin with great potential for enormous returns? Dash 2 Trade (D2T) is that coin. Buy D2T now!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « AUDJPY: Price Is Dropping and This May Continue
Next Post: Tamadoge (TAMA/USD) Trade Takes Stances, Tending Hikes »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US