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?
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...
DYOR - I'm a noob practicing TA - not investment advice.
In my opinion - this looks like one of the most promising altcoin charts vs BTC.
Trading sideway for 2+ week - squeezing into this long term wedge with a long term downtrend.
McGinley Dynamic also confirms this uptrend since November and staying strong.
Wish I had turned on my trading bot on this pair...
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Decred (DCRBTC) is 100% solid and is now slowly moving above EMA300, the bold gray line on the chart.
Conquering this level can lead to massive/strong/fast growth for this altcoin pair.
Trading sideways since December while at the same time challenging resistance over and over.
Challenging resistance continually is a signal of strength.
Here is the previous...
Decred (DCRBTC) continues to be strong ever since the November low was hit.
We've been having very solid consolidation near resistance while other altcoins continue to crash and hit lower.
This one remained stable while Bitcoin continued to grow.
This is a good signal.
Here is the previous analysis from early December (sideways =...