It has been in a massive downtrend with regular attempts at resistance. We are nearing end of triangle and per wave analysis, there should be impulses going up. There are immediate resistance zones above current price but recent RSI divergence gave it a small boost. Perhaps a small position to place here but per chart, it can basically double easily.
-The price has gone down to previous support at 1358 range
-It fell lower but manages to get above at least
-Technically, this is not good for the Bulls
-But if this level will hold for the next 1-2 weeks
-There is a high chance to retest the downward trendline resistance
-Now, the safe way to enter this market
-Is to confirm the breakout of the...
DECRED is on a very clear bearish trend on the long term view, we can bounce on this resistance line based on RSI, but the primal trend is bearish for DCR.
Long position only will be indicated above this resistance level after the price changes the primal trend.
-this coin is on a strong downtrend since 2018
-but right now, the selling pressure has started decreasing
-we can see a clear bullish RSI divergence
-a resistance trendline keeps respecting
-a safe way to approach this market is to enter on breakout/retest
-you can buy once the trendline is broken
-provided the break is with good volume
a tool in a global channel that looks down like all altocoins. At the moment, the price is close to the upper limit of the channel, and can give a good entry point when breaking and anchoring above the channel. Also on the horizontal volumes you can see important support and resistance zones, which will act as targets for taking profits and placing...
Just another shitcoin, not so much, actually the worst performing shitcoin in my portfolio. This coin probably will continue to get dumped as it poses a serious threat to bitcoin. I believe bitcoin whales dump on this coin to keep it suppressed. Good luck homies
😯 Decred has been setting up this massive bull pennant like a champ!
You can see that we are now at the top of major Resistance for a chance to pullback to the $10 support.
You could have one more chance for the buy in for a longterm trade prepped for the next bull run in crypto.
You will want to look for a turning point here on the edge with the Crossover...
>>> Broken out from the falling wedge with strong daily candle.
>>> Bullish divergence showing in weekly charts.
>>> Currently trying to close above 200 MA.
Once it close above 200 MA and retest the support, it can give 60%.
Main resistance: 2906-3010 (60%)