Not gonna go deep into this. I was studying cycles, patterns, fractals a lot in 2020, and now that cryptocurrencies are heating up, I see this scenario on $DCR.
There are many other good cryptos that will do well, but this coin should be in top 5 if not 1st place by the gains that it will create for investors. TARGETS : $ 1700 / $3700
Do what you think...
We went long Decred on 12 November and are currently +256% on the trade. Decred is trading at $55 just above its 8 day EMA ($54) and well above its 50 day SMA ($33).
We remain long Decred for the long-term but would take some profits off the table if support at $50 is breached.
Decred has had a drawn out retracement almost back to the starting line. It's currently forming a descending wedge which could be set up for a reversal. The setup would be a breakout of the falling wedge forming the right shoulder of an inverse H&S setup which would propel us back to retest local highs.
Decred awoke from its slumber at the beginning of November. Perhaps Halloween jolted it to life.
We went long DCR/$USD on 12 November and are +112%. Decred is something we are interested in long term. We will be looking out for a short term correction however as the price has more than doubled in 3 weeks.
Both Stochastics and the RSI suggest we are in...
Monthly DCR/USD MACD just flipped green for the first time ever. If it can hold onto this until the monthly close sets it in stone, it would be a strong signal of the beginning of a sustained trend change.
This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 66 similar cases, and 48 were successful. Based on this data, the odds of success are 73%. Current price $11.80 crossed the resistance line at $11.80 and is trading between $11.80 resistance and $11.79 resistance lines. Throughout the month of...
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.