$DCR 26$ resistance seems to too strong for now....
RSI coming out from overbought levels.
Stoch showing bearish div on the daily
If rejection get confirmed, a retest of 21$ level or EMA50/100 seems possible (and good entry).
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot...
For Long Term Holder Very Good Opportunity DCR .
Let See , What Will be Next Move.
Share Your Opinion in Comments.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
The chart of DCR / BTC give us some clear signs to be optimistic for thee following weeks:
- It is on a clear uptrend since December
- Lately it has been moving on ascending channel, and very recently has rebounded from the bottom of this channel
- The MACD is about to cross upward, and the Stoch.RSI suggests that there is plenty of room for the price to move...
About the coin:
The team claim it as Autonomous Digital currency with
An innovative hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system.
A censorship-resistant blockchain-anchored public proposal platform.
Smart contracts that work such as Lightning Network.
Cross-chain atomic swaps between different digital currencies.
My thesis on why DCR will hit $72 and is in an excellent spot to enter currently:
-Trading at the bottom of the support of the wave 4 triangle
-5 ABC patterns already completed (drawn on 15m candles)
-Still well above the cloud on 2h and 1d timeframes, currently at near the bottom of the support of the cloud on 1h making it an excellent entry