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Since August 18, Dash 2 Trade price action has started trending toward higher price levels. Although there have been some mishaps along the way, bulls have effectively displayed that they aren’t ready to back down. This can be seen as price action in this market intensifying its upside retracement.
Dash 2 Trade: August 21, 2023
D2T Value: $0.007038
D2T Market Cap: $2,088,781
Dash 2 Trade Flowing Supply: 298.5M D2T
D2T Total Supply: 1 billion
D2T’s Ranking on CoinMarketCap: 2809
Major Price Levels:
Resistance: $0.007038, $0.007100, and $0.007200
Support: $0.007000, $0.006900, and $0.006800
D2T Regains Support Above the $0.007000 Price Level
Trading activities in the Dash 2 Trade 4-hour market have started occurring above the newfound support level at the $0.007000 mark. What’s more, a new session has begun, with buyers already winning. This can be seen as the last price candlestick (though with a short body) with its body positioned closer to the buyer’s side of the market.
Consequently, this reveals that buyers possess significant strength. Meanwhile, trading activities are occurring significantly above the 9- and 21-day Smooth Moving Average (SMA) curves. Also, the lines of the Moving Average Convergence Divergence MACD indicator have resumed trending upwards above the equilibrium level. Additionally, the histogram bars of this indicator are green and appear to be progressively increasing in length, showing that upside momentum is strong here.
Bulls Are in Charge of the Dash 2 Trade Market
In the D2T hourly market, buyers have once again demonstrated that they are in charge and hell-bent on initiating more price increases. About four sessions ago, price movement seemed to have hit a strong resistance, which resulted in a moderate downward correction of price action.
However, in the subsequent sessions, buyers affirmed their dominance and were able to bring about a moderate upside recovery. Furthermore, the size of the price candle that represents the current session suggests that buyers have significant bullishness in them. Meanwhile, all the explained activities are occurring above the 9- and 21-day SMA curves. Simultaneously, the MACD indicator lines are still trending upward above the equilibrium level.
This implies that price action is more likely to extend the retracement toward the $0.007300 level. Also, you can carefully analyze your trading decisions with the Dash 2 Trade platform to maximize profits.
GM to all the survivoors🌅
Hope you used Stop Loss for your long trades🫡
Market is in #fear today. Where do you think the next move will be?👇 pic.twitter.com/cetznUF9Er
— Dash 2 Trade (@dash2_trade) August 18, 2023
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