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Tivra
Aug 30, 2019 11:16 AM

DCR/BTC BREAKING out of the long-term downward channel Long

Decred / BitcoinBinance

Description

FUNDAMENTALS:
DCR released its PRIVACY recently: twitter.com/decredproject/status/1166746979160023046
Which is major news, it means that ZCash and Monero have a new competitor now.
But unlike Monero/ZCash, DCR also has proper decentralized stakeholder-ran governance.
They are using the stakeholder governance to elect a Market Maker now which could solve their liquidity problems.

TECHNICALS
What we've been waiting for a long time finally happened: the breakthrough the downward channel on Binance DCR/BTC chart.
This signals a possible reversal of long term trend. Please see my other chart (related idea) to see where I think it could be headed
Decred is a top 5 cryptocurrency so this is a major information asymmetry, to be holding it now. The market is massively underpricing it
Comments
Bullandbeartrading
Nice description !
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