Dash 2 Trade Price Forecast: D2TUSD Prospects for Continued Bullish Trend (November 18)
The price of the Dash 2 Trade is currently in an ascending channel with higher highs and higher lows, indicating a bullish trend continuation pattern. If additional bearish pressure is restricted, the coin may rise and break up its previous high of $0.00553 level. The bullish correction phase will continue until it reaches the upper trend line resistance at $0.01000.
Resistance levels: $0.00900, $0.01000, $0.01100
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bullish (4H Chart)
D2TUSD shows an upward trend and a bullish sentiment in its higher time frame as can be seen from the chart below. The price is currently recovering and trades above the moving averages. This is an indication of an uptrend.
The bullish reversal at the $0.00485 high value in the previous action has sustained the Dash 2 Trade price above the trend line in its recent high
However, a high rejection at the current support reflects long traders having started booking their profits. Therefore, a daily candlestick closing above the $0.00553 mark is important to confirm a bullish breakout.
Notably, further upsides are anticipated in the meantime because the price signal of the D2TUSD market is pointing upward, indicating that the bullish rally will likely continue and possibly break up the $0.00553 high mark which might possibly hit the $0.01000 upper supply value in the coming days in the long-term outlook.
D2T (USD) Medium-term Trend: Bullish (1H Chart)
D2TUSD pair remains in a bullish trend in its medium-term outlook. The Bulls are really trying not to fall this time around. Further, the coin prices are traded above the moving average lines, this confirms a bullish trend.
The coin made it to the $0.00488 high level during the previous action and has made the price remain in green at the uptrend in its recent price level.
The market price of Dash 2 Trade which increases to the $0.00492 high level above the moving averages suggests an uptrend in the context of the strength of the market. Thus, closing the 1-hour session above the $0.00520 supply value will put the trade more on the buy side.
Hence, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible recovery of the $0.01000 supply level in the coming days in the medium-term time frame.
Predictions of a retreat last week came true, as Bitcoin dropped 10% from the weekly high to the low. Potential ETF approvals have been the main driver of the recent rally, which suggests more volatility may be on the horizon. Right now, the SEC has the opportunity to approve all 12 spot Bitcoin ETF applications at once.
🚀 Smart Money Insights 📊— Dash 2 Trade (@dash2_trade) November 16, 2023
Last week's predictions for a pullback materialized with a 10% decrease in Bitcoin from the weekly high to low. The recent rally has largely hinged on potential ETF approvals, hinting at possible added volatility in the coming days. The SEC is… pic.twitter.com/GXRH4VYifk
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