In the previous Dash 2 Trade analysis, the market was in a tug-of-war between demand and supply around the $0.003 price level. Notably, the bulls made significant efforts to break through this resistance. In yesterday’s trading session, these efforts paid off as increased liquidity in the bull market caused the price to soar, breaking free from the $0.003 stalemate.
Key Levels to Watch:
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.0020, $0.0018, and $0.0017
Dash 2 Trade (D2T/USD) Price Analysis: The Indicators’ Point of View
Following the sudden burst of bullish price movement, the market established support at $0.003125, a higher level than the previous battleground between bulls and bears. The market is now moving upward toward the $0.0035 level, where the bears have positioned themselves. However, the bulls have secured additional support at $0.0035. The Relative Strength Index (RSI), measuring bullish momentum at 66, indicates that the bulls still have the strength to pursue higher price levels. They first need to secure a firm grip on the $0.0033 support level.
D2T/USD Short-Term Outlook: 1-Hour Chart
From the 1-hour chart perspective, while the bulls have established strong support at $0.00328, substantial bearish sentiment is evident between $0.003357 and $0.0035. Given these two price levels, there is a possibility of price consolidation within this channel. Following this consolidation, the price may resume its course toward the previous high of $0.00374.
The best trading opportunities are found in channels, particularly during breakouts, and the Death Cross and Golden Cross are two of the most reliable trading indicators available.
Did you notice we added 5 new crypto market events to the Signals page?🛑
Channels offer some of the best trading opportunities, especially when breakouts happen, while the Death Cross and Golden Cross are some of the strongest trading signals out there!🔧
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— Dash 2 Trade (@dash2_trade) May 29, 2024
Do you want a coin with great potential for enormous returns? Dash 2 Trade (D2T) is that coin. Buy D2T now!
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