Dash 2 Trade Price Predictions for Today, January 20: D2TUSD Price Is on the Verge of Reversal to the Upside
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Dash 2 Trade Price Forecast: Price Is on the Verge of Reversal to the Upside (January 20)
Today, the D2TUSD pair is on the verge of reversal as the crypto market selling pressure will soon be exhausted. The coin trading at the $0.00449 low value at the oversold region suggests that the coin price will soon reverse to face the upsides. Should the coin price turn up from the $0.00449 support and jump above the $0.00611 supply mark, the bearish thesis would get invalidated and this could lead the price to the $0.01000 upper resistance territory.
Key Levels:
Resistance levels: $0.00700, $0.00800, $0.00900
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bearish (4H Chart)
D2TUSD is bearish in its long-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages.
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days. However, this will soon be invalidated as the low dip pressure seems to have been exhausted.
Today, the bears made a drop to a $0.00449 support level below the moving averages to resume the 4-hour chat. Given the current trend, buyers can purchase the item at a lower cost and push the market higher.
Therefore, if the bulls should increase their tension in the market, the price of Dash 2 Trade could reverse and turn positive and move above the key levels to the upper resistance zone.
Additionally, D2TUSD is likely going to reverse and face the upsides as the market is now trading around the 23% range of the daily stochastic; it means that the selling pressure will end soon. This will compel the buy traders to resume an uptrend and may likely break up the $0.00611 supply level soon in its higher time frame.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
According to the chart below, the medium-term outlook for the Dash 2 Trade market is in a bearish trend zone. The order flow by the sell-term traders at the $0.00464 low value in the past few hours has made the coin price stay below the supply levels in recent times.
Actions from the sell traders further dropped the price of D2TUSD to a low at $0.00449 value below the resistance line as the 1-hour chart opens today. Thus, buyers need to add more pressure to their activities to move the market beyond the current price level.
Similarly, should the bulls exchange hands with the sell traders at the $0.00449 low value and close above the $0.00528 resistance value, the coin price might further increase to a $0.01000 resistance level which could lead to additional gains for the buy investors in its medium–term outlook.
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