The D2T bulls reclaimed the $0.03 price level to get back into the game. The buyers have high targets but were met with strong resistance at the $0.032 price level. Forces of demand and supply became evenly matched around the $0.03 price level, but bulls held the support price level firmly. They held the bearish support firmly until they had no choice but to shift the base to $0.027. From this level, the market is expected to bounce back.
- Resistance: $0.060, $0.065, and $0.070
- Support: $0.020, $0.0025, and $0.030
Dash 2 Trade (D2T) Price Analysis: The Indicators’ Point of View
Until very recently in today’s trading session, the market sentiment maintained indecision, but a significant move in the market in a bearish direction was spotted. It was a sudden move in favour of the sellers, according to the market view of the Relative Strength Index (RSI) indicator. But for the Moving Average Convergence and Divergence (MACD), it was not sudden as the progress faded green histograms, declining and moving closer to the zero level. It may have a beneficial effect for the bull market to step back a bit so that they can focus on breaking the limit of the bear market and then fully reclaiming the $0.03 price level as the support, as well as establishing it as a basis for higher bull market performance.
D2T/USD Short-Term Outlook: (1-Hour Chart)
In the 4-hour chart, this sudden movement of the market in the bearish direction does not seem to affect the Bollinger Bands indicator as it does here in the 1-hour chart. It looks like the bear market has reached its limit, and exhaustion may be setting in on the part of the sellers. The $0.027 support seems to be holding strong. The Relative Strength Index and the Moving Average Convergence and Divergence are beginning to reflect growing bullish sentiments.
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⚡️Today in #crypto – 20th of March
A thread 🧵
📰1/ US Federal Reserve Focuses on International Swap Lines to Boost Dollar #Liquidity
✔️The United States #FederalReserve is taking coordinated action with other #CentralBanks.
✔️It will enhance international swap lines, changing… https://t.co/J2JjCMsfdy pic.twitter.com/uAL0XQbcB4
— Dash 2 Trade (@dash2_trade) March 20, 2023
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