The D2T/USD market initiated an upward breakout on August 10, followed by steady upward momentum. It surpassed several significant resistance levels along its path, ultimately reaching a peak of $0.00700 on August 16. As the price retracement ensued, the bulls successfully established support at $0.0065, thereby preserving the bullish trend.
Key Levels
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.005, $0.004, and $0.003.
Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View
Presently, the D2T/USD market finds itself in a state of equilibrium, characterized by oscillatory movements around the 20-day moving average. This pattern indicates active involvement from both the bulls and the bears, following the market’s achievement of a high of $0.00697. The prevailing bullish bias managed to counter the robust bearish activity stemming from a critical price level.
Regarding the Moving Average Convergence and Divergence (MACD), both the MACD line and the signal line are undergoing a recovery above a specific threshold. This implies that the market remains situated within the indicator’s buy zone, signifying that the bulls still hold an advantageous position.
D2T/USD Short-Term Outlook: 1-Hour Chart
Examining the 1-hour timeframe, as the day trading session commenced, the price action and the 20-day moving average converged, creating a horizontal movement at $0.0066. This alignment underscores the sense of uncertainty prevailing in the market. However, in the most recent developments, the market experienced a substantial surge in the bullish direction. Despite reaching the $0.0068 price level, a subsequent pullback occurred, and the market is currently in search of a stronger support level, approximately at $0.0067. This progression reflects the continued dominance of the bulls in the market.
Dash 2 Trade keeps you updated on the latest trends and developments in the crypto space.
GM to all the survivoors🌅
Hope you used Stop Loss for your long trades🫡
Market is in #fear today. Where do you think the next move will be?👇 pic.twitter.com/cetznUF9Er
— Dash 2 Trade (@dash2_trade) August 18, 2023
Do you want a coin with great potential for enormous returns? Dash 2 Trade (D2T) is that coin. Buy D2T now!
Leave a Reply