On 19 Aug 2019 I shared a post where I have explained that priceline of Decred Decred (DCR) / Bitcoin is moving within a very big pennant since June 2017.
Within the pennant the price action formed head & shoulder pattern and pushed the price action down to the support.
In Aug 2019 after hitting the support of the pennant and bollinger bands the MACD was turning...
Broke above ~2250 sats level with increasing volume and now its retesting it for a potential R/S Flip
UCTS Buy signal on the 1D & lower TFs
OBV bullish divergence // Trying to cross ICHI
if bounce happens, then a new leg up w/ target at ~2500/2900 sats may follow..
If DCR bottomed out at 0.0015, and breaks out of the falling wedge as it approaches ~0.00175, then it's a great buying opportunity either for a long term position up to ~0.004 or a short term take profit at ~0.002
Moreover, with Decred's privacy features, Politeia GUI update, and potential Coinbase listing soon, this coin is primed for major reversal based on...
Decred está preso numa cunha de alta fortíssima, o rompimento da mesma pode gerar um forte pullback e uma retomada para bull market!
153.000 a 170.000 ( entre fracionado, ainda não finalizou completamente a descida )
Alvos médio prazo:
As we can see here there isn't more space for DCR. I think the price will continue move downwards to around 1700 sats. and after that move there is nice opportunity.
Stop level is under the yellow curve.
Profit opportunity is about %20
Priceline of Decred Decred (DCR) / Bitcoin cryptocurrency is moving withina pennant since June 2017.
Within the pennant the price action formed head & shoulder pattern and pushed the price action to the support.
Now after hitting the support of the pennant and bollinger bands the MACD is turning bullish and RSI entered in oversold zone.
The sell volume is also...
Looking at the long term log chart for Decred/BTC, what do we see?
We see that we're now touching a line that has been touched 4 times now, so it has a strong "magnetic pull" both + and -, we're bouncing off of that line now
We see that if now is the time of reversal, a possible target before retracement is the previous ~0.018 BTC ATH
Zooming out, the monthly candles are still within the symmetric wedge, but the volume just isn't there.
Decred team hired a new PR firm (Ditto), with their Proposal System. If they have have news coming out soon, perhaps the long-awaited Privacy release, it could bounce.
I remain hopeful for this project because there's many things that set it apart from the...