Dash 2 Trade Price Predictions for Today, October 21: D2TUSD Potential Retracement at the $0.00418 Support Level

Dash 2 Trade Price Forecast: D2TUSD Potential Retracement at the $0.00418 Support Level (October 21)
Today, the D2TUSD pair is about to make the noise again in the crypto market after a long hour of low dips. The market price may experience a possible retracement at the $0.00418 support level to resume its upside moves soon. Should the bulls push higher and turn the coin price to the positive side, if its upside moves could show sustainability above the $0.00509 previous supply level, then we can expect a shift in trend to reach a $0.01000 upper resistance level, which would put further bearish trend into a hibernation.

Key Levels:
Resistance levels: $0.00800, $0.00900, $0.01000
Support levels: $0.00500, $0.00450, $0.00400

D2T (USD) Long-term Trend: Bearish (4H Chart)
D2TUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the current trend will soon be nullified as the market now trades at the oversold region.

The sustained bearish pressure at the $0.00436 support value in the previous action has made the crypto price drop below the supply levels in its recent low.

Today, the bulls are trying hard to remain above the $0.00509 supply mark, so there is a possibility for the coin price to retrace at the current support of $0.00418 value to invalidate the bearish theory. Therefore, buyers’ prerequisite is needed to achieve this.

However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.

Notably, given that the D2TUSD market price has approached the daily stochastic range of 2% in the oversold area, any declines are improbable. We can now feel more confident that a possible purchase is approaching because the coin will shortly continue its upward path.

In light of this, the price of Dash 2 Trade could hit the $0.01000 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its higher time frame.

D2T (USD) Medium-term Trend: Bearish (1H Chart)
The coin also trades in a bearish trend market in the medium-term outlook. This is due to the high impact of the short-term traders on the price flow.

The sell traders made a downward move to the $0.00436 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.

Actions from the bears further dropped the Dash 2 Trade price down to the $0.00418 support level below the two EMAs as the 1-hourly chart resumes today.

With the overall market trend still bearish, the D2TUSD price is likely to plunge higher and retest the high accumulation zone of $0.00485, if the bulls could exchange hands with the sell traders at the mentioned support value and close the 1-hour chart above the $0.00485 resistance value.

Additionally, the crypto market is now below the 3% range of the daily stochastic. It indicates that the Dash 2 Trade price is now in the oversold region of the market. It implies that the selling pressure will end soon.

We will now be looking at the potential retracement at the mentioned support value to bring the emergence of buyers in the oversold region of the market. This crossover could encourage the breakout rally to hit the $0.01000 supply level soon in its medium-term time frame.

Candlestick strength decoded: Sellers and buyers are always in a tug-of-war. Candlesticks can reveal a lot about current trends and important information. 

📊Candlestick strength decoded:

📈Buyers and sellers engage in a constant tug-of-war.
Candlesticks can tell a lot about who's winning at the moment, and what to pay attention to.

💡Have you ever used candlestick strength in your analysis? pic.twitter.com/ldpJMWXRJ9

— Dash 2 Trade (@dash2_trade) October 20, 2023

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