onemanatatime
Long

Decred Inverse Head & Shoulder $DCR $BTC

POLONIEX:DCRBTC   Decred / Bitcoin
After breaking out of a long term downtrend (since launch) in late Jan 2017, we made a local high at 0.00339911 and been bleeding out since.

Inverse H&S forming here with the neckline resistance at 0.0021. Breaking above with good volume will confirm the reversal. If volume is significant, we can see this lead to a quick continuation of the bull trend with new highs, otherwise lead to further consolidation within structure before any major move.

Long if it breaks above iHS neckline.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out