Decred vs Bitcoin Analysis (505% Possible On Next High)

BINANCE:DCRBTC   Decred / Bitcoin
We looked at Decred vs Tether (DCRUSDT) and it is bottomed out and also starting to grow... You can find the article below:
Now, let's have a look at the Bitcoin pairing, DCRBTC and what the chart has to say.

The first thing I notice when looking at this chart is the long-term higher low.

In November 2020 DCRBTC hit its low point.
In July 2022 DCRBTC hit a new low but this time higher than Nov. 2020.

Then of course a new low in November 2022 but higher than July, keeping this pair within higher lows short- and long-term.

The trading volume is being dominated by bull/green volume, in the long-term as well.
The RSI is strong, we consider it strong above 30 on the weekly timeframe.

These signals together tells us of a potential higher high coming next.
Higher lows lead to higher highs and we have the support of good trading volume and a strong RSI.

Now, multiple targets for the above signals.

The easy target is set at around 0.002574 or ~100%.
Followed by 0.003531 or ~180% if DCRBTC grows but doesn't gain much strength.

The last and final potential target would be 0.007585 for a higher high and a massive potential of 505%.

This is all based on the action that started in early November 2020 and the signals that I just read.


The Best PREMIUM Crypto-Trading Numbers (Since 2017)

🚨 Free PREMIUM Trades Now!

🔝 Thousands Of Charts! Follow My Telegram

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.