These are my Keylevels for DeRace.
Bassically the bearish trend line its broken with a confirmation with a Higher High, now the price it is on the resistance so lets see what will do next.
DERCUSDC with great growth potential, but for now I think it will decrease until it reaches the right buy area.
It also has a resistance that it will hit and must overcome it.
Been a very bullish few months for DERC. During the time of launch we have seen the number of addresses on ETH Chain go from 533 to 4067, and Binance Chain has 16207 addresses all while seeing price increase by 600%.
This has allowed early investors and short term holders to take profits and move value into TOP market cap projects which are looking really good...
Looks like we are in the same position we were in a few days ago before DERC pumped 35%. As I have said in a previous post $2.50 is an extremely important level of support. Theres a lot of confluences here as its proven level of support, a .618 fibonacci level and also a Point of Control.
Early today, I said I am expecting a bullish reaction off of this level...
Despite price action last night I believe the fractals are still in play with a few minor adjustments. So what happened?
At the start it looks like there was sell off event just before the NFT horse drop went live... so short-term traders taking profits in anticipation of a sell off event (right they were).
After the horse drop went live the NFT horses were...
Found a fractal early this morning that is lining up with current price movements. Could we expect $5.20 soon?
Yesterday I posted my thoughts on DERC and said that I'll be taking profits here despite all the bullish action. I did also say it was possible it could keep going up but it had already seen a massive 35% green candle. So that turned out being a good...
The past fortnight crypto markets in general has been bearish despite On-Chain data being very bullish. S&P 500 is now officially in a down trend ( lower lows and lower highs), this could change though if the money printer starts brrr again.
Despite all this uncertainty in the markets, today has been incredibly green with some coins being up 30%. We have also...
