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Buyers are resiliently defending Dash 2 Trade’s market, keeping it trading above that psychological price level. Although price action remains below some promising landmarks, the market still shows signs of an upward trajectory.
The ongoing session in the D2T 4-hour market has shown an upward retracement. The last price candle on the chart appears green but remains below the middle line of the Bollinger Bands.
Meanwhile, the Stochastic Relative Strength Index (Stochastic RSI) lines are slightly bent sideways, technically suggesting that upside momentum may be building. This is promising, as it could push the market past the middle line of the Bollinger Bands, significantly strengthening bullish convictions.
D2T Market Has Upside Potential
The Dash 2 Trade hourly market can be seen extending further upwards. The analyzed price chart reveals that the market has been climbing for the third consecutive session, bringing it closer to crossing above the middle line of the user Bollinger Bands.
Additionally, the Stochastic RSI indicator lines are rising after completing an upward crossover in the oversold region. Currently, the leading line of the indicator is above the 20 mark, suggesting that traders could target the $0.002000 threshold for short-term gains. Meanwhile in our newest video, we dive into the various ways countries manage bot trading and highlight essential information you should be aware of before beginning.
🔍 Is Crypto Bot Trading Legal?
In our latest video, we explore how different countries regulate bot trading, and what you need to know before getting started. 🚀
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