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Drep

Riding the Bull Wave, but Watch for the Dip!Analyzing the given data for DREP/USDT, we note a significant increase in price by 70% over the last 24 hours. The current price is $0.4520. Starting with Fibonacci retracements, these levels are often significant in determining possible support and resistance areas. From the provided levels, we can compute the 0.382 and 0.618 levels. They are at approximately $0.4797 and $0.4476 respectively. Turning to Bollinger Bands, the upper, middle, and lower bands are at $0.4973, $0.3597, and $0.2218, respectively. Prices often oscillate between these bands, and their width can indicate market volatility. The Relative Strength Index (RSI) stands at 62. This shows that the asset is not in an overbought or oversold state. The Stochastic oscillators, reading at 77, suggest that the price may be nearing overbought territory, but it's not conclusive at this point. The MACD, at -0.0343, is currently indicating a bearish signal, though the strong upward price movement may change this trend. The Volume Oscillator, at 73%, indicates increased trading volume. The On-Balance Volume (OBV) is at 14B, supporting the upward price movement with solid volume. The 50-day Exponential Moving Average (EMA) is at $0.3978, below the current price, which typically suggests an ongoing bullish trend. For key prices, strong support could be the daily timeframe 1 Fibonacci level ($0.3915), which is also near the EMA 50. On the upper side, resistance might be found at the 0 Fibonacci level ($0.5358), which is also near the 24-hour high ($0.5173). The daily timeframe 0.5 Fibonacci level at $0.4637 might act as interim support or resistance. In conclusion, the data suggest that DREP/USDT is currently in a bullish phase. However, it's important to monitor these indicators to anticipate any potential reversals or continuations in the trend. We see a mix of bullish and bearish indicators. The substantial price increase of 70% in the last 24 hours, a robust Volume Oscillator at 73%, and the On-Balance-Volume (OBV) of 14B all point to a significant bullish momentum. The price being above the 50-day EMA further confirms the bullish trend. However, the Stochastic Oscillator at 77 and the RSI at 62 suggest that the asset may be approaching overbought territory, which can sometimes precede a price correction or "dumping." The MACD being in the negative territory also signals potential bearish momentum. While these indicators provide valuable insights, they don't guarantee a certain outcome. Predicting market movements with absolute certainty is impossible due to the complex and dynamic nature of financial markets. However, based on these indicators, it appears that there is strong upward momentum for now, but the asset might be nearing an overbought condition. Hence, while the immediate trend appears to be bullish, a pullback or consolidation might not be far off.
DLong
by ShawnMCR
9
uft is ready to give a boost amid the growth of alt dominanceFor today, UFT has accumulated along with vip pros vs fortran perl has top growth potential with the highest technical goals for retest up to the range. While the main medium-term goal for him is an attempt to enter the range 1-1.25. Since there has already been one rebound, it is worth paying attention to how we will pass 0.675-750. Ideally, a new monthly candle should open above 0.75. When opening lower, there is a high probability of retest 0.6 and 0.5 before continuing growth. While the fall has been completely stopped on the daily chart, a reversal has already formed at 4 o'clock. In my opinion, a short-term hike below 0.35 is possible only with strong pressure on the market with a drop in the cue ball by 22.5 and a parallel increase in the dominance of the cue ball to 50%, which is less likely so far. Also, a trading pair was added to usdt by uft, which adds liquidity and can significantly increase volatility during a breakdown. The project itself is also quite promising and admins are actively trying to promote it.
ULong
by Strateg_
we are preparing for the continuation of the trendTo date, those who do not have positions on some coins can additionally buy for the reversal of weekly candles on coins in bullish. This week, we worked out a small pullback on the monthly schedule, but there are not enough arguments to turn the monthly candle into a bearish one. Stable sales are also premature according to the quarterly schedule, the main activity of sellers should be expected with the onset of the second half of the quarter with a possible hike up to 1500. From the current levels, the probability of a gradual return to 2100 and a further breakdown of the main long-term level of 2500 prevails, which will ensure the resumption of market growth after a major seasonal pullback in the second-third quarter. At the opening of the second half of the quarter above 2500, it will be possible to fully repay the quarterly pullback and after the flat continue moving to 3500-4500 in the summer. While I doubt that we will be allowed such a luxury. A deeper drawdown in the market can be expected only when the current week closes below 1900. Also, a second attempt to expand the monthly candle may be next week as we approach the end of the month. There is still a small chance to throw a powerful pinbar today tomorrow for the 1750-1850 test, but taking these levels will be premature and we can expect an active payback up to 2000. My main focus is still on uft pros vib cvp torn perl for pnt ooki and asr atm fantokens. Individual coins can turn a weekly candle into a bullish one with new overhangs. For those who like risk, today there is also such an option as nebl. Binance has delisted it. But goals of up to $2.5+ on large timeframes have been left. They will be worked out because the project continues to develop and the listing on poloniex followed on the same day. I think we should expect listings on other exchanges soon. The coin is now well suited for scalping. But this option is dangerous, it is worth paying attention to money management.
BITSTAMP:ETHUSD
by Strateg_
Drep Token formed bullish Cypher for upto 33% moveHi dear friends, hope you are well and welcome to the new update on Drep token with US Dollar pair. Recently I shared a trade setup for Drep, but the priceline pumped before the completion of the final leg of a Shark pattern: Now on a 1-hr time frame, DREP has formed a bullish Cypher pattern. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
DLong
by moon333
DREP brief correction before more gain 💡Based on the chart, we can see sharp candles to the upside and again sharp candles to the downside and appropriate amount of volume for the price ✔️ before more gain, we can see brief correction to the downside, close to our support levels ❌🧨 if we lose our support zone, we can see more correction to the downside ❌🧨 and if the price stays above the support levels, then we can see more gain 🚀 Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
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by MadWhale
4
DREPUSDT (DREP) Daily tf Range Updated till 10-4-22DREPUSDT (DREP) Daily timeframe range. there are some pros and cons in this alt. will just gonna write the part of technical sides. its way above its low, even tho within volume depleted days it held right. if it can held like that in future there are potentials. on other side the brutal pumps and dumps! the weak low volume candle wicks makes this a high risk alt. i can see some reasonable swing positions from both sides that been worked out in past again consider the risk and retail interest it provides.
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by cryptoforever1
🆓Drep (DREP) Mar-23 #DREP $DREP The buying force has completely prevailed at the $0.6 zone, so in the near future we can expect DREP to rise sharply to the $0.85 zone or even $1. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 0.6$ zone 🔴Buy : 0.6 🔴Sell : 0.7 - 0.85 - 1 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 0.6$ zone 🔵Sell : 0.6 🔵Buy : 0.54 - 0.48 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
DLong
by CryptoStation
#DrepUSDT - very strong accumulation, possible breakout patternIt looks like there has been lot of buying around this level. Drepusdt not only looks strong here, but has potential to move towards its monthly and weekly keylevel, a potential 100% upside is possible from these areas. Few days back before market crash we were seeing that there were potential pumps, and misses. A strong retest in monthly and 10D chart has also finished. Looking at all this, I am giving this a BUY for now. BTC will recover and Drep will explode to new ATH levels.
DLong
by Falcon_Trader_1