• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

Dash 2 Trade (D2T/USD) Holds Strong at $0.005, Defying Bearish Pressure

Johnathon Fox
01/17/2024 | UPDATED ON: 01/17/2024

The bullish resilience in the Dash 2 Trade market remains steadfast, with multiple attempts by the bearish side to drive prices below the $0.005 level consistently met with rejection. This repeated resistance at $0.005 reaffirms the prevailing bullish dominance and underscores the commitment of the bulls to sustain buying activity around this price level.

Key Levels

  • Resistance: $0.010, $0.011, and $0.012.
  • Support: $0.004, $0.003, and $0.002.

Dash 2 Trade (D2T/USD) Holds Strong at $0.005, Defying Bearish Pressure

Dash 2 Trade (D2T/USD) Price Analysis: The Indicators’ Point of View

In the current four-hour session, a conspicuous bullish candlestick with a pronounced long lower shadow has emerged, signaling robust bullish activity. Notably, this marks the second occurrence within today’s trading session, suggesting a potential accumulation of Dash 2 Trade bullish strength or momentum. Concurrently, the Bollinger Bands indicator indicates a consolidation of market action within the price channel of $0.0052 and $0.0050.

The convergence of the Bollinger Bands suggests an imminent breakout, with the direction likely favoring an upward movement. As such, there is anticipation for a clear and decisive price movement in the near future.

Dash 2 Trade (D2T/USD) Holds Strong at $0.005, Defying Bearish Pressure

D2T/USD Short-Term Outlook: 1-Hour Chart

The likelihood of a price breakthrough below the $0.005 level appears minimal. There is an anticipated a Dash 2 Trade upward movement, potentially propelling the price into the $0.0055 and $0.006 price zones. This could explain the ongoing sideways trend observed around the pivotal $0.005 price level. It is important to highlight, however, that resistance is currently encountered at $0.0052.

Nevertheless, considering the Relative Strength Index (RSI), which measures a momentum of around 57, it suggests a favorable scenario for bullish momentum to persist. Despite the immediate resistance at $0.0052, the prevailing RSI reading indicates a potential continuation of bullish dominance in the market.

Get powerful signals, indicators, and bots for cryptocurrency trading.

🚀Smart Money Insights📊

Smart Money is individuals & entities who are seen as experienced & informed, often signaling future trends.
These are the top 5 Smart Money buys past 24-hours:$BLUR$HFT$ENJ$CQT$iZi

Check out our Discord for deep dives on Smart Money activity. pic.twitter.com/yJlW9AX1uh

— Dash 2 Trade (@dash2_trade) January 16, 2024

Do you want a coin with great potential for enormous returns? Dash 2 Trade (D2T) is that coin. Buy D2T now!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « SPONGEUSDT Price Is Aiming at $0.000886 Resistance Level
Next Post: Quant (QNTUSD) Price to Break Up at $153.83 Level »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US