#DCR is moving inside a falling wedge on the daily chart. Since it is trading below all major SMAs, EMAs, and the Ichimoku cloud, the structure is still not stable enough. Therefore, if you plan to enter this coin, wait for a confirmed breakout above the wedge resistance accompanied by strong volume. In that case, the targets shown on the chart could become achievable:
🎯 $20.75
🎯 $23.49
🎯 $25.71
🎯 $27.93
🎯 $31.08
🎯 $35.10
Mid-term targets:
🎯 $40.21
🎯 $42.87
🎯 $46.71
🎯 $53.88
In case of a breakdown below the wedge, price could revisit Support Zone 1 and even Support Zone 2. Do not take excessive risk on this coin.
⚠️ Always use a tight stop-loss and maintain proper risk management.
🎯 $20.75
🎯 $23.49
🎯 $25.71
🎯 $27.93
🎯 $31.08
🎯 $35.10
Mid-term targets:
🎯 $40.21
🎯 $42.87
🎯 $46.71
🎯 $53.88
In case of a breakdown below the wedge, price could revisit Support Zone 1 and even Support Zone 2. Do not take excessive risk on this coin.
⚠️ Always use a tight stop-loss and maintain proper risk management.
Disclaimer
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.
Disclaimer
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.