A possible DERC fractal recurring
Found a fractal early this morning that is lining up with current price movements. Could we expect $5.20 soon?
Yesterday I posted my thoughts on DERC and said that I'll be taking profits here despite all the bullish action. I did also say it was possible it could keep going up but it had already seen a massive 35% green candle. So that turned out being a good trade on my behalf.
Now price is sitting below my take profit point by 15.5% allowing me to reenter increasing my DERC position by a small %. Right here is also a .618 fib level and could expect a reaction here.
On a side note I have also been investigating into the DERC DAO and I am now a little concerned about all the DERC that will be entering the market from the private round each quarter. The lucky people who managed to buy into the private round have made a huge return from their early investment and would most likely to be selling on us. I'll be keeping an eye out for this.
Thanks,
Taz
Yesterday I posted my thoughts on DERC and said that I'll be taking profits here despite all the bullish action. I did also say it was possible it could keep going up but it had already seen a massive 35% green candle. So that turned out being a good trade on my behalf.
Now price is sitting below my take profit point by 15.5% allowing me to reenter increasing my DERC position by a small %. Right here is also a .618 fib level and could expect a reaction here.
On a side note I have also been investigating into the DERC DAO and I am now a little concerned about all the DERC that will be entering the market from the private round each quarter. The lucky people who managed to buy into the private round have made a huge return from their early investment and would most likely to be selling on us. I'll be keeping an eye out for this.
Thanks,
Taz