ApplesaucesomeTrading

ApplesaucesomeTrading Updated 

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.

ApplesaucesomeTrading Updated 

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,...

ApplesaucesomeTrading

Decred about to pull of an end-to-end with a price target of $90

ApplesaucesomeTrading

I've revised my previous wyckoff analysis on Decred. It's looking like a hybrid of the two popular schematics.

ApplesaucesomeTrading

Decred had a healthy correction have a nice pump. There's a potential inverse head & shoulder setup if you still want to get in.

ApplesaucesomeTrading

Decred forming a bullish kumo twist on the weekly. Perfect opportunity to complete the right shoulder.

ApplesaucesomeTrading Updated 

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.

ApplesaucesomeTrading

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...