The D2T bulls are forced to slow down as the selling pressure around the $0.0193 price level seem peg the price. The deadlock situation intensifies as both the bulls and bears could not make any significant move that could move the market in a definite direction. If there is going to be a definite market movement, the bull market has high probability of taking the market. The reason is that the buyers are pressurizing the supply line and eventually, the resistance will break.
Key Levels
- Resistance: $0.020, $0.025, and $0.030
- Support: $0.012, $0.011, and $0.010
Dash 2 Trade (D2T) Price Analysis: The Indicators’ Point of View
The key resistance level has been held since February 24, but the demand line has continued to secure high low, putting more pressure on the $0.0193 resistance. This is forming an ascending wedge triangle pattern. An ascending wedge triangle pattern is a sign of an imminent bullish price breakout. Activities of the bulls have increased proximity between the bulls and the bears. The Bollinger Bands indicator converges to illustrate this. The indecision tightens up with and the bears are more likely to lose their ground in the market. According to the Relative Strength Index (RSI) the price continue ranges in the bullish zone.
Dash 2 Trade Short-Term Outlook: (1-Hour Chart)
Lately in the Dash 2 Trade market, both the bulls and the bears increased pressure on the price and because the two forces are quite responsive to each other, the volatility increases. As the market becomes a bit volatile, we noticed the bands expanding, but the price still moves around $0.019 price level. The market volatility, however, is not that much. That means for now, traders are showing signs of lack of interest and indecision for now. As soon as we see a spike in the volume of trade, the bull market should breakout.
Dash 2 Trade is among the top gainers
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