TradingView
MarketIntel
May 4, 2023 1:42 PM

Decentraland: Crab 🦀 

Decentraland / US DollarBinance

Description

â‹…
Like a crab, Decentraland is predominantly moving sidewards just above the support at $0.48. Nevertheless, we expect our crypto friend to develop more upwards momentum soon so that it will be able to expand wave iii in magenta above the resistance at $0.84. However, there is a 35% chance that Decentraland could slip below the support at $0.48, thus digging itself into the magenta-colored zone between $0.49 and $0.40 to place a new low in the form of wave alt.ii in magenta first before turning upwards again.
More