With the appearance of long-legged dojis along the edge of the newly secured demand level, the Dash 2 Trade market might be preparing for a bounce. Although the market has been volatile, the sellers have gained sufficient strength to force the market to a lower level, which might trigger a significant bounce.
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 appearance of long-legged dojis near the new demand level suggests that bulls are gaining strength, trapping traders in an indecision trend. The combination of the spinning top and long-legged doji at the edge of the new demand level indicates indecision and a possible shift in the Dash 2 Trade market sentiment. It may signal that sellers are finding it challenging to push the price below the support level, while buyers might be gaining strength to start turning the market around.
D2T/USD Short-Term Outlook: 1-Hour Chart
From a 1-hour perspective, the Relative Strength Index (RSI) might be giving a signal that the market is about to breakout significantly in the upward direction. The two bands are converging against the horizontally moving price action. Also, the outlook for the market suggests strong indecision. The convergence of the bands is a sign of a volatility squeeze, which should precede a decisive market movement.
First piece of D2T advice: Never question the 24 hour influx of smart money tokens. Weekly wise money posts, including $LBT $MNT $JIM, were published by us. After a few hours, the result was as follows:
#1 D2T advice: Never doubt the 24h smart money token inflow.
We posted put weekly smart money post, which included $LBT $MNT $JIM
This was the result after a couple of hours: 👇 pic.twitter.com/r8aqIFY3sX— Dash 2 Trade (@dash2_trade) July 20, 2023
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