Dash 2 Trade Price Forecast: D2TUSD Price Found New Resistance at $0.004700 Level (March 21)
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Dash 2 Trade Price Forecast: D2TUSD Price Found New Resistance at $0.004700 Level (March 21)
D2TUSD price having rebounded found a new resistance at the $0.004700 level at the moment while preparing for the next jump. The selling pressure has ended and the coin price could be ready for a speedy action by the bulls soon. If the buy investors could prove stronger and push the price action above the $0.00779 resistance value, its upside move should extend further to reach a $0.01000 upper resistance level.
Key Levels:
Resistance levels: $0.00600, $0.00700, $0.00800
Support levels: $0.04500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bearish (4H)
Dash 2 Trade price is having a bearish posture on the higher time frame. This is due to the high impact of sellers on the token. The prices are traded below the moving averages which has confirmed is bearish trend.
The high order flow from the bears to a $0.00455 low value during the previous action also added to this bearishness. However, it seems that the bulls are about to take over and push us higher.
The coin is recovering from the recent correction as fresh buying emerges near the supply level following the upward race.
A rise to a $0.004700 high level below the two EMAs by the bulls as a pullback shortly after the 4-hourly chart opens today affirms the returns of the long traders into the market.
Thus, the price of Dash 2 Trade is set to advance further if the bulls can redouble their efforts and push above the $0.00779 previous high point, sustaining this level, could pave the way for the crypto to aim for a higher resistance at the upper resistance level.
In addition, the momentum indicator shows that the price of D2TUSD will still bounce up, so we expect the price distribution to reach the $0.01000 supply level and beyond in the coming days in its medium-term outlook.
D2T (USD) Medium-term Trend: Bearish (1H)
D2TUSD price seems to have pullback a little but the overall trend is still bearish in its medium-term outlook. Further, the price is trading below the two EMAs; which means that it’s in a bearish market zone at the moment.
The sustained bearish pressure to a $0.00455 support level during yesterday’s session has made the coin price remain below the supply trend levels in its recent price level.
The cryptocurrency having completed the sideway moves, responded to the shift in the trend and increased to the $0.00470 supply mark below the two EMAs as a pullback shortly after the commencement of the 4-hourly chart today.
Thus, a potential breakout from this trend line could intensify the bullish momentum and may surge the price of D2TUSD above 0.00553 previous high, which would encourage more buyers to invest in the crypto for more profitable gain.
Having said that, if the bullish momentum persists, a breakout above this combined resistance with candle closing may push the price of Dash 2 Trade to the $0.01000 upper resistance value in the days ahead which will signal a strong buy signal for interested traders in its medium-term timeframe.
Coming soon is a reversal?
An EMA25 Cross-Up was recently detected by our Market Events tool on several assets, suggesting a potential swing trading opportunity or trend reversal.
Reversal incoming?📈
— Dash 2 Trade (@dash2_trade) March 20, 2024
Our Market Events tool just spotted an EMA25 Cross-Up on multiple assets, indicating a possible trend reversal or swing trading chance.
Given the current market uncertainty, this could possibly be a great time to start one of our Grid Bots.
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