DBC/USD (DeepBrain) AI + Metaverse project just broke through this weekly resistance descending trendline. Because AI is trending right now I'm looking just only at the market structure, so DYOR.
DBCusdt is showing a strong double bottom formation, potentially indicating a bullish reversal. Simultaneously, a W setup is emerging, further strengthening the bullish bias.
Price action has seen a bounce off the bottom area post-consolidation breakout.
The "Buy back" area presents a favorable buying opportunity, with a strong demand zone ideal for long-term...
One could look at it as a loooooooooooong type of bottoming formation. As long as this LPS holds one should be expecting a strong SOS before continuation further upwards.
And of course: If it looks like a flag, it usually is one. When/If this break upwards, things will speed up quickly.
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The market is in the accumulation phase near the important Support lvl.
A fundamentally strong project, they concluded an important partnership last year, new exchanges are on the horizon this year. Airdrop of DLC for DBC holders coming. I see it more as an investment than a short-term trade. RRR looks great.
A project with real utility. DYOR, check out their...
"DeepBrain Chain is the world's first AI computing platform powered by blockchain, standing at the intersection between AI and blockchain".
Last time around DBC sat for 58 days and made a huge run.
With the inflows this time, seems like we are primed for a huge move.
RSI starting to move up, above EMA10, MACD crossover and nothing but green bars for days. Get...
Currently breaking out of downtrend after dancing on 0.236 for a few days.
Lets monitor retracement areas for now: local 0.618/0.886 - 1.272/1.618
Break below recent low = bad
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Hold my beer pls
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Cant make this up really, following that first leg's fractal as a whole wave!
Expecting reaction around 0.002
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Thanks!
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Hold my beer pls
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No financial advice, do your own research, don't be stupid
Ideally locally it will hit 8.236 before retracing to intermediate 1.618/1.886 and holding local 4.236.
Thereafter possible contiuation towards intermediate 4.236/major 0.886
Hold my beer pls
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No financial advice, do your own research, don't be stupid
This one was requested by one of our supporters in the last Name Your Altcoin series, Part 6.
Even though it didn't make it to the last batch of 10, from 50-60, here it is...
I have to share this with you because we have some crazy numbers, really big.
This type of market action supports what I've been saying all along; That Cryptocurrency already bottomed and...
Fibs already triggered final target at 3.618-4.236 which is about ~90% lower from here with nice confluence of 1.272 corrective fib.
Would have to break downtrend and trigger 0.886 to avoid this last leg.
Hold my beer pls
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No financial advice, do your own research, don't be stupid
Well actually its a pretty cool and especially ALIVE project (twitter.com) but like many small caps this one has been in a bad decline since price discovery.
Here we are down 99.8% from the ATH looking at the chart in LOG scale to make it fit
Its a bit tough to charts but actually theres just 3 possibilities
1) its just going sideways here forevery slowly...
It seems that there is a lot of excitement and interest in the potential of AI and its applications in the coming years. Companies and persons like Elon Musk with OpenAI are making strides in developing advanced AI technology, and this has sparked interest in AI-related products.
the DeepBrain Chain coin can play an important role coming time, which some believe...
