Dash 2 Trade Price Predictions for Today, March 16: D2TUSD Will Go Higher from Support, Buy!
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Dash 2 Trade Price Forecast: D2TUSD Will Go Higher from Support, Buy! (March 16)
D2TUSD price might possibly retrace at the $0.03412 support value as the selling pressure may soon abate. If the investors could demonstrate greater strength and exchange hands with the sell traders at the mentioned support, the coin price might turn upside and could extend further to reach a $0.2000 high level resulting in an intraday gain for the buy investors..
Key Levels:
Resistance levels: $0.05500, $0.06000, $0.07000
Support levels: $0.03000, $0.02000, $0.01000
D2T (USD) Long-term Trend: Bearish (4H Chart)
The Dash 2 Trade market is in a bearish trend in its long-term outlook. The market has been slowed down due to the interaction from the bears in the previous action. This will soon be invalidated as the market has reached the oversold region already.
The D2TUSD price found support at the $0.03412 value beneath the moving averages as the 4-hourly session opens today. This indicates a downward momentum; meanwhile price rejection is imminent at the mentioned support.
However, traders who also invest at this current trend will buy at a lower price and make more gains in the future as well. This will reflect an increase in the trend momentum.
The price signal, which is pointing downward in the oversold region, suggests that the selling pressure will soon be exhausted and that a price reversal is therefore anticipated at the $0.03412 support level. If the bulls were able to accomplish this by pushing higher from the support level, the upcoming bullish pattern might, in the long-term perspective, reach the $0.02000 supply value.
D2T (USD) Medium-term Trend: Bearish (1H)
The D2TUSD price is in a bearish trend. The market also trades below the moving averages; this affirms its bearish race in its medium-term outlook.
Sellers’s increased momentum drove the price down to a $0.03361 low level, during yesterday’s session which really made it difficult for the cryptocurrency to maintain a stable upside moves.
Today, pressure from the bears dropped the coin price down to the $0.03412 support level below the two EMAs, an indication of a downtrend. Hence, there is possibility for the coin price to pullback at the current support to invalidate the bearish theory.
With this current trend, buyers can pick up the price at a lower rate and move the market further up. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels in the resistance area.
In a like manner, Dash 2 Trade is likely going to face rejection at the mentioned support and face the upsides as the market is trading below the 20% 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 $0.0384 supply level soon in its medium-term time frame.
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