Spitballing on the macro pitchfork I've been watching. 50% drawdowns from the top on both pullbacks I've highlighted in yellow. Corrections and consolidation only raise the ceiling of how high we can go.
DCR/BTC forming multi-week hidden bullish divergence on the 6 hour candles. If this pops the day Decred activates it's decentralized treasury, it'll make me a believer in the fundamental price action.
Decred looks interesting here after an 18.9% pullback from the all-time high set on 17 April last (Coingecko). We went long on 12 November last and are currently +1201%. This crypto has performed very impressively for the past 6 months and pullbacks generally find support at the 50 SMA. This is where we find ourselves today.
If you are looking to redistribute...
I'm noticing a pitchfork trend forming during the past 5 months of this bull run. Pitchforks can be invalidated by sustaining a trend change. I'd say there's a high chance that this will eventually be invalidated by trending at a higher angle.
Hello everyone,
this is my 8th recommendation in the altcoin crypto market for this cycle. as I start every post first let me briefly describe what you are seeing on the chart. In white you can see the price of DCRUSDT , while in black that's the set of technical indicators that I'm using. This set is composed of simple moving averages with the following period...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (69.23).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DCRUSDT is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
The growth phase of the price of BITTREX:DCRBTC has begun this year. This can be seen from the breakdown of the downtrend, as well as the phase of the fall and rise in the price of bitcoin. The estimated peak in the price of the rising phase is shown on the chart.
Will the price manage to reach the upper border of the rising channel this year?
Hi All,
This is a continuation of the previous post, link below.
I got stopped out on this trade and am now looking to re-enter after the breakout.
The chart tells you the rest.
All the best,
S.SAri
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Overview
I see many fundamental changes on the network implementing new 1.6.0 version and new features. Decred is stronger than ever! It looks like big bullish flag on weekly chart is playing out. I see that the 3rd or potentially super 5th way would lead the price to ATH and price will be around 1000$ to the EOY 2021. Press like comment and subscribe!
Hi All,
Another bullish formation, a uptrend, a pause for a consolidation and as we see, a bull flag of some nature, here I have a triangle of some sort with the ABCD and Point E looking completed.
Yes, it would have been better to get it prior the breakout at $57 or even lower, but its still gives you plenty for the next few...
DCRBTC (Decred) has been staying above EMA300 for several days now and bullish momentum is building up... This is it, this might be the good one.
There have been multiple attempts at higher prices with little success but now that EMA300 is a thing of the past, a level that has been challenged since early December finally breaks, we can see a strong impulse move...
