Decred is consolidating after several strong wicks on 4hr candles and trying to break above the ichimoku cloud which would initiate a nice trend reversal. Price target for the symmetrical triangle forming is ~$16 and maybe further if we can sustain it and form some bullish ichimoku clouds.
Decred has been ripped back and forth for the past year. If we zoom out we can see evidence of a macro inverse H&S forming on the daily though. The shoulder line looks clean and the volume is trending steadily downward after the head has formed. With all of the bullish news right around the corner (Decentralized treasury, atomic swap DEX, DCR Lightning Network,...
If you missed the pump from the last day there's a good opportunity coming up. In bullish trends the Kijun (red line - slower moving average) gets periodically tested after a big move. ~$12.30 is both 1 hour candle Kijun support as well as 50% fib retracement support. Both are bullish retests that occur during uptrends and great opportunities to get in if you...
In this special analysis for Decred holder's and all investor's community. I show you one of the awesome proyect that I see so curios and it's Decred, the cryptocurrency that use the governance to build a network more scalable and secure.
What is Decred?
It's a Blockchain based with a strong focus on community input, open governance, and sustainable funding...
Indicators @ 1D and 3D TF indicate that Decred $DCR will have a nice rally soon!
TP2@18.89 with 3% TTP
SL@12.98 (SL timeout 8700 sec)
I´m not a financial adviser. For educational purpose only!
Just another shitcoin, not so much, actually the worst performing shitcoin in my portfolio. This coin probably will continue to get dumped as it poses a serious threat to bitcoin. I believe bitcoin whales dump on this coin to keep it suppressed. Good luck homies
😯 Decred has been setting up this massive bull pennant like a champ!
You can see that we are now at the top of major Resistance for a chance to pullback to the $10 support.
You could have one more chance for the buy in for a longterm trade prepped for the next bull run in crypto.
You will want to look for a turning point here on the edge with the Crossover...
Now a long-term downward trend. The price is still within this trend. Also below MA 200.
If the trend changes, then the price may rise significantly.
However, now on the chart we are observing the pattern of the descending triangle. When breaking through the base of a triangle
the price often drops to the height of the triangle.
I want to believe that we can...
We are playing a massive bullish pattern.
The bullish falling wedge. These are my favorite formations to play for a breakout as the price will begin to squeeze price range compression point.
The current range is around $10-$15
If the market can get some more pullback I would like to get the order filled around $10 for a...