The D2T market continued its movement around the $0.0329 price level, while both support and resistance levels converged against it until the price broke out to the downside. At the $0.0273 price level, bulls are beginning to buy again, and as a result, the market is turning to the upside as the price rallies.
Key Levels
- Resistance: $0.060, $0.065, and $0.070
- Support: $0.025, $0.020, and $0.015
Dash 2 Trade (D2T) Price Analysis: The Indicators’ Point of View
The price of D2T has been ranging since April 7, after the bull market peaked at the $0.035 price level. This price consolidation is not the result of a lack of interest in the market, as we can see from the chart that the price is well contended for by both the bulls and the bears, but it was just that they were unable to affect the price in any way despite the pressures. Both the bulls and the bears were just evenly matched. At the climax of the struggle, the market broke to the downside. According to the Moving Average Convergence and Divergence (MACD), the bullish recovery is in progress. This is evident through the faded red histograms.
D2T/USD Short-Term Outlook: (1-Hour Chart)
Looking at the market from this point of view, we noticed that the support level is doing very well as it remains strong against the bearish pressure. This is because the bulls are coming into the market at this price level. However, the bear market appears to still have more to offer in today’s trading session, as it appears as if the bears are pushing through the support level. The bulls will wear out the bearish pressure and turn the tide because they are keeping the support level strong.
Dash 2 Trade is your best option when it comes to optimizing your trade strategies. With Dash 2 Trade’s backtester and risk profiler, you can ensure that you are making the best moves.
📈Want to optimise your trading strategy? Use the #D2T Backtester and Risk Profiler to ensure you're making the best moves.
👥Participate in our Trader AMA's and learn from the best in the business. Get your #D2T now! pic.twitter.com/eiFuffVZku
— Dash 2 Trade (@dash2_trade) April 12, 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