D2T‘s bear market has opened the door of opportunity for traders to buy at an affordable price to maximize profit when it rises. The recent bear market hit a strong brick wall at $0.01739 in the previous daily session. The bearish sentiment seems to be wearing out at this price level, as it seems to be announcing the last opportunity for traders to buy low before the market starts trending to the upside.
Key Levels
- Resistance: $0.060, $0.065, and $0.070
- Support: $0.018, $0.017, and $0.016
Dash 2 Trade (D2T) Price Analysis: The Indicators’ Point of View—Market on Recovery
The Bollinger Bands indicator begins to illustrate how the D2T market is turning around, with the lower band and the 20-day moving average now recoiling to face the upside. Only the upper band of the indicator continues the downside movement, and that is because the current price has not gone too far from the level of the 20-day moving average. The bullish recovery is still fresh. Another confirmation of the bullish price recovery is in the Moving Average Convergence and Divergence outlook, which is the MACD’s sub-zero level bullish crossover. The MACD now has a bullish crossover, and the two lines are turning to the upside.
Dash 2 Trade Short-Term Outlook: (1-Hour Chart) Bulls to Defeat a Major Hurdle
From the 1-hour outlook on the market, we noticed a strong hurdle at the $0.01941 price level. The market currently faces this resistance level, and at this level, we’ve noticed a significant level of indecision. However, the overall sentiment for the market in this lower market outlook is still a bullish one. In the Bollinger Bands indicator, the upper band portrays how bulls are pressurizing the resistance level. The upper band of the Bollinger Bands indicator is beginning to respond to the growing bullish pressure at around the supply level.
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