Dash 2 Trade’s bull market gained enough strength to charge at the $0.012 price resistance on May 28, but due to a considerably low volume of trade, the bullish price was cut short at the resistance level. However, because traders are willing to keep taking long positions, a higher support level was formed above the 20-day moving average. This nearby stronghold is putting a lot of pressure on the resistance level.
Key Levels
- Resistance: $0.020, $0.019, and $0.018
- Support: $0.010, $0.009, and $0.008
Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View
The second 4-hour session and the third 4-hour session suggest that bulls have the potential to take the market beyond the limit of $0.012. In the second session of the day’s market, we can see what looks like a hanging hammer. It is a sign that Dash 2 Trade buyers are pushing through the resistance. To this effect, the upper band of the Bollinger indicator responds, and the RSI line of the Relative Strength Index now measures at level 57.
D2T/USD Short-Term Outlook: 1-Hour Chart
From a 1-hour outlook, the Bollinger Bands now begin to illustrate an upward-moving price channel. Also, as volatility increases, we see the bands diverging. The market may be ready to enter higher price zones because bullish sentiment is growing.
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