The price has slowly found a neutral zone after the Bearish Rectangle along a strong support zone formed by the lows. A possible reversal zone and we can get a buy signal has started for a long hold. If the market bounces from this zone and RSI confirms price reversal, we'll have to open long trades above the high of the signal candle. Stop orders must be placed below the uptrend line. Profit target is at the resistance levels. If the market breaks below the uptrend line, probably we'll see a downward movement to 0.00855929 support level.
Comment:
This could also still go south following the Red Line, this was just a potential reversal "Trading Idea", but it could go lower for a better buy in.
Comment:
Look's like a formation of a triple bottom?
Comment:
Fell through the first support zone, I think we can still see Decred flowing back up.