DREP/BTC (Consolidation Below Key Resistance)💎Technical Analysis Summary💎
BINANCE: DREPBTC
-DREP has been trading in a sideways market for the past 4 months
-But the good news is, it is trading near the resistance area
-This is a good sign in terms of Bullish strength
-Because the Bulls may have the chance to break this key resistance
-So to trade this market, is to confirm the upside breakout direction
-You may enter on the momentum candle or wait for a pullback at key areas
-The upside target is up to 50-57 sats
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DREPUSD
DREP/USDT (Tested 200D Dynamic Support)BINANCE: DREPUSDT
-DAugur retested the previous support and plus the 200D dynamic zone
-A good bounce and DREP is back inside a falling channel
-We can now confirm the 2300 sat range is the major support
-The Bulls must defend important key levels and see a breakout of this channel
-My always advice is to buy the breakout or retest
-But for aggressive traders, support retest is your option with tight stop-loss
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Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
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If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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DREP/USDT (Forming A Triangle Pattern?)BINANCE: DREPUSDT
-DAugur is doing a retest of previous support area
-Currently, the price bounces off from this region
-And we can confirm this zone is still valid as key support
-If DREP is unable to break the trendline resistance above
-There is a chance it will retrace or retest the key support for the 3rd time
-But I recommend to buy the break downward resistance
-To confirm a strong trend reversal in the midterm
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management
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DREP/BTC (Bullish Reaction @ Key Support?)DREP/BTC
-DAugur is trading at the key support area
-This zone was a previous resistance and support
-We can also see a double retest last August 5
-Currently, the price is starting to trade outside the trendline
-If DREP can hold this level for another 5-7 days
-There is a high chance we can see a strong bounce up reaction
-The upside potentials are up to 35 sat area
DREP ready to jump - drepbtc drepusd drepeth drepusdt DAUGURDREP ready to jump - drepbtc drepusd drepbnb drepeth drepusdt
