DCR/BTC (Weekly Strong Bullish RSI?)DCR/BTC
-this coin is on a strong downtrend since 2018
-but right now, the selling pressure has started decreasing
-we can see a clear bullish RSI divergence
-a resistance trendline keeps respecting
-a safe way to approach this market is to enter on breakout/retest
-you can buy once the trendline is broken
-provided the break is with good volume
-the upside potential is up to 2900 sat
-stoploss is placed under recent higher low support
DCRBTC
🇺🇸 MURICA! Perfect Pattern. (DCR)😯 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 candles strategy and the ema dots to search for the turning point. If it does turn around I see this playing out. Just as bitcoin is lately in a zone of potential reversal to the downside. Bottom should be sometime this year.
* this is a bullish pattern, but don't forget that patterns can fail. So stay cautious at the edge plays of support and Resistance just in case it were to perform a breakout.
Stay safe and best of luck! 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
X Mark The Spot! (DCR)Symbol: DCRUSD
Sector: Cryptocurrency
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 test off of support and rebound to breakout the top of the wedge for a long term bull cycle.
Don't get me wrong... $15 is a great long term price, but we might be able to get that $10 area one more time.
We will see how strong this pattern holds up, it does look very rewarding as this is a very low circulation coin.
Based off history I do not currently have the channel identified. This breakout will help identify a good lomg term take profit point.
Decred finally on its wayAfter what seems like an eternity being held under the linear resistance, we have not only broken past, but we have done so in a way which mirrors my ZIL analysis.
With the Fib Resistance lines applies and clearly adhering to it, I can comfortably say it is entering bullish trend for a rally.
$DCR, Showing a spike in volume...$DCR
Showing a spike in volume as it crosses over a long descending trendline
These spikes in volume are usually a sign of "top" unless it makes a HH (continuation)
Crossing above 1D Ichi cloud as UCTS shows 1D Buy signal & LTFs
Look for Flips/retest as potential entry
#DCR
DCR/BTC Finally Breaks Through Long-Term Down-Trendline! DCR/BTC Finally Breaks Through Long-Term Down-Trendline!
After breaking through the resistance, it seems we have made it into our new support by bouncing off it on the Daily chart.
Considering all the news that is coming out for DCR (new DEX coming out, GUI for its privacy features, coming Coinbase listing, Lightning Network integration in the wallet, etc. etc.), DCR seems to be primed for a total trend reversal vs BTC.
DCR/BTC Monthly Candle Being Painted Outside of the Triangle !We have a wonderful situation, FINALLY, in DCR/BTC, it's highly likely it has bottomed (DOUBLE BOTTOM), and now is painting a monthly candle OUTSIDE of the triangle, signaling a potential bullish reversal, turning the long-term downtrend vs BTC around into the opposite direction. This could be a rare opportunity to enter into this coin which is quite fascinating and unlike other altcoins. It was created by bitcoin devs, and shares sound money fundamentals with bitcoin, but with a PoS layer for extra security and for sustaining itself and its devs without needing outside funding. Many exciting features are coming out soon, such as the much-awaited decentralized exchange (DEX), a GUI for its built-in privacy (privacy that is still lacking in BTC!) based on coinshuffle++, and Lightning Network support, including staking via LN. I expect this coin to be #2 right below Bitcoin once this market becomes fully rational and efficient. (It's not yet.) Thanks for reading and good luck!