DCR is a solid shillcoin with fundamentals from the likes of Rhett. Plenty of PR from Developers.
DCR has fallen despite BTC's pump. I believe if BTC stabilizes, DCR will soon catch up.
The rsi is oversold on the 4hr time frame w/ divergence between price action and RSI, as well as on a 10 count with TD Sequential indicators.
I'm looking for my target to be...
I'm entering this short because of December 23rd and Jan 1 resistance. Eth has pumped nearly 50% in the past 11 days - incredible.
Until Ethereum has a daily close above 160 I think this is a reasonable area to start a short or tighten a stop if I was still long. That said the market is definitely bullish on charts with Day candles and smaller.
Looking back into August we hit walls at these levels multiple times.
Even if you were stopped out below the boxes and came back into the trade, you should have a 20% roe or more from directionally trading said range.
The green is a trend initially starting on June 28th - the current price drop has respected and bounced from here at the moment.
I don't like...
Today I'm updating this chart, somewhat hindsight from the drop at 7400. We've crawled our way through the early 7000 price range and honestly I haven't been a fan of the crawling pace to break 7800.
I had hedges placed at 7320 and 7520 to prepare for the drop - of course the 7520 didn't hit before last nights drop
Currently my goal is to pick up...
Looking at the rsi in an oversold territory. The last bitmex maitnence pump reached around these levels. Alts have pumped quite a bit in the past days. My target is 6700.
I like the overall odds so I'll hedge with spot.
I'm looking to dip above 7215.
My Hypothesis - We're seen Bitcoin consistently snatched up in the bottom zone for the past 8 months. I'm looking for my first entry at 6088. Until I see a lower price for Bitcoin I'm going to keep purchasing it here. I'm looking to cut the trade past 5800, I assume a lot of stops are past that area tbh. The top two zones are where I'll bother...
Back to posting another Cardano chart. We're retesting yearly lows right now, though not all time lows from it's binance listing. I believe it's first real resistance on the way up is 2000-2100 - looking to take some profits in the range. If it drops 1650 I want out of this trade - with literally 25 billion tokens I don't want to see how far this can drop.
Cardano is a strong project that provides consistent updates through bull and bear markets. The September contract is currently at a 2% premium over mark & volume is on the rise. 1 day and 4hr charts have both reached a 9 count in the previous days. Currently placing a position at 2014 & I'll look to re-evaluate my longs at 2214.