Dash 2 Trade Price Predictions for Today, September 14: D2TUSD Bear Flag Has Held, Breakout Is Imminent

Dash 2 Trade Price Forecast: D2TUSD Bear Flag Has Held, Breakout Is Imminent (September 14)
Dash 2 Trade market is growing again, the coin is now making its way towards the overhead resistance trend levels at the moment. While the bear flag has been held by the high bullish impacts, the coin price is likely to grow further and be an opportunity for long-term investors. If the current support at $0.00608 value holds, a sharp breakout and closure above the previous resistance level at the $0.01197 high value will invalidate any bearish thesis and the price might hit the high of $0.10000 upper level and beyond, level resulting in an intraday gain for the coin buyers.

Key Levels:
Resistance levels: $0.01000, $0.01100, $0.01200
Support levels: $0.00800, $0.00700, $0.00600

D2T (USD) Long-term Trend: Bearish (4H)
As an outcome of low bullish momentum, the D2TUSD pair trades in a bearish trend in the long-term outlook. The price bar can be seen trading below the two moving averages.

This is due to the high impact of the short-term traders on the price flow. However, the bulls are now set to increase the trend and may likely break up the resistance level soon.

The market was propelled higher by the bulls until it reached a new high at the $0.00610 resistance mark as a pullback below the moving averages as the 4-hourly session resumes today. This shows the return and the high impact of the buy investors on the crypto market.

Thus, a potential breakout above the current price at $0.00610 supply value is imminent if the buy traders could add more pressure to their buying actions in the market. Therefore, should the current pattern follow through, buyers would likely break past the $0.01197 neckline resistance. This breakout would be a better signal of a bullish recovery and may push the prices of Dash 2 Trade higher to the upper resistance territory.

Further, the daily stochastic indicates an uptrend, in this case, the price of Dash 2 Trade might continue its bullish trend pattern and the price could grow further to reach the $0.1000 supply mark sooner in its long-term outlook.

D2T (USD) Medium-term Trend: Bullish (1H)
Dash 2 Trade remains bullish on the medium-term time frames. This is clear as we can see the prices trading above the EMA-9. This looks nice for the buy trader and signifies a buy signal.

The sustained bullish pressure pushed the currency pair up to the $0.00603 supply level during yesterday’s session and sustained it. This has made it possible for the coin to remain in an uptrend in its recent high.

The coin has completed its correction and is now set for an upward momentum. The bulls have decided to shift the trend up after a series of lows shortly after today’s 1-hourly chart opens.

An increase to the $0.00610 resistance value above the EMA-9 suggests the returns of the buy traders in the D2TUSD market. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity.

Hence, if the bulls could add additional effort to their buying actions and breach the $0.00691 resistance, the next resistance level to watch out for would be around $0.00900.

Notably, further upsides are likely as the price signal is pointing upwards, this means that the upward rally will continue and may likely break the $0.00691 resistance value and this may reach the $0.1000 supply value soon in the medium-term time frame.

With stablecoin holdings at 15%, Smart Money is still on the cautious side, probably in preparation for “red September.” When they think we’ve reached the bottom, they’ll be ready to buy.

🔍 Smart Money Insights 🚀

📉 September: The Bear's Grip Tightens!

Smart Money remains cautious, with stablecoin holdings around 15%, a move likely in anticipation of "red September." They're preparing to buy when they believe we've bottomed.

In uncertain times, Smart Money… pic.twitter.com/VuabULoMxr

— Dash 2 Trade (@dash2_trade) September 13, 2023

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