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ama8999
Feb 14, 2024 4:30 PM

Possible macro bottom for DCR Long

Decred / US DollarBinance

Description

DCR is one of the very few early coins that printed a macro higher high during their second cycle.

Clear monthly range and currently trading near range low.

A reclaim of $19-$20 on the weekly would look very promising.

Range low > mid range > range high.

BTC going parabolic is my only doubt though, because it could crash the entire market the moment it does a proper correction (both in price and time).

So my invalidation is a break of market structure on lower timeframes, not necessarily a break below monthly range low.
Comments
PubPete
Nice bounce off that line!
Skanda
Excellent, thank you.
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