The Dash 2 Trade bulls need to find solid footing within the bullish zone of the market. The repeated occurrence of spinning tops and long-legged dojis indicates a balance between buyers and sellers, reflecting high investor interest in the market.
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
Although the Dash 2 Trade market seems to have been ranging since late June, it has, in fact, been slowly sliding towards lower price levels despite the level of volatility and indecision in the market. However, with the repeated appearance of long-legged dojis and spinning top candlesticks, coupled with a gradual decline in price, the Dash 2 Trade market is more likely to experience a trend reversal.
The market may potentially shift in a bullish direction. However, it first requires a robust bullish support level above the 20-day moving average, which is currently aligned with the current price.
D2T/USD Short-Term Outlook: 1-Hour Chart
The same trend can be seen from the 1-hour timeframe. The sideways movement of the market, combined with the spinning top and long-legged candlestick patterns, signifies a period of price consolidation. This consolidation phase can be seen as a market pause, where participants reassess their positions and wait for a clearer signal before making new trading decisions
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