DREPUSDT Right time to buyHello traders. This DREPUSDT-chart shows that we are trading within a rising channel, in fact, we are trading in a rising channel within a rising channel. My first targets are the upper trendline of the smaller channel, but I believe eventually it will break out of that line and go to the hights
of the upper line of the larger channel.
September there willbe a token reduction. The total supply of $DREP will be reduced from 10,000,000,000 to 100,000,000.
So imho DREP can be a good investment for the coming months.
DREPUSDT trade ideas
🆓Drep [new] (DREP) June-22 #DREP $DREPDREP lost the $0.4 zone but it still has a high chance of regaining it and rallying back to the $0.50 and $0.65 zones in early July. But if it can't do that, it will continued to fall strongly to the $0.225 zone
📈BUY
🔴Buy : 0.39-0.41$ if A. SL if B
📉SELL
🔴Sell : 0.485-0.515$. SL if A
🔴Sell : 0.635-0.665$. SL if A
♻️BACK-UP
🔵Sell : 0.39-0.41$ if B. SL if A
🔵Buy : 0.22-0.23$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
DREP/USDTExpecting some significant profits from DREP in the end of June. Of course, if BTC does not make any surprises
DREPUSDT Cup and handleDREP has formed a cup and handle. At this moment we have a little pullback, so best time to buy as long as the price action stays left of the yellow diagonal line.
Safest buy would be when it breaks out above the yellow line.
DREPUSD - Falling Wedge BreakoutDREPUSD - Bullish breakout with increased volumes suggesting a turnover to 1.13/1.80 in the coming weeks. Stops below previous day's low.
DREP - It's over for nowDREP is all Neutral now. there are no buy/sell volumes on this coin.
I'm putting this chart because too many of you guys might have seen the Binance gainers list and want to buy this coin but it's going to consolidate for a while now.
There are support and resistance areas on the chart in case the price started moving.
Good Luck
Tell me your ideas. Like and Share
DREP/USDT Bullish Breakout of falling wedge. 5x PotentialDREP rallied towards its new tokenomics and did bleed since.
We now got a bullish breakout out of the falling wedge indicated by the yellow lines.
Wait for confirmation of a trend reversal. A bounce of the violet line would give us this confirmation.
Decentralited reputation system (DREP).
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
DREPUSDTSome of the levels i am watching for given that we are oversold on most of the coins and we should expect some bounces here.
DREP - Daily - "Give It Some Time To Bake"Click Here🖱️ and scroll down👇 for the technicals, fundamentals and more behind this trade!!!
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///////👍✋Not financial advice, do your own due diligence ✋👍////////
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➡️Technical Standpoint⬅️
1.) No obvious signs of accumulation to date.
2.) Bollinger bands are squeezing in on a 30 day length, no real interest, and its been running in oversold for over a month now. This fits all the criteria for a pump, but super risky.
3.) Sell interest is around $1.725 and $1.961.
➡️Fundamental Standpoint⬅️
1.) Credit Mechanism V1 and Launch of DREP Credit DID to take place in Q3-Q4.
2.) $41 mil market cap with a total supply of 100mil. Its one of the tickers closest to BTC Max supply.
3.) New partnerships, staking, and listings to take place, no specific dates provided.
➡️Current Season⬅️
- Altseason / 112 Days
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//////Indicator Legacy/Meaning//////
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✨ Linear Regression Line( LR ): is the green/red worm-like line.
✨ Major Resistance Line( MRL ): is the color fuchsia.
✨ Major Support Line(MSL): is the color aqua.
✨ Social Activity Indicator(SA):
- Based on trader sentiment. The indicator will provide either a Strong Interest, Neutral/Some Interest, or No Interest signal.
- Lime background = spike in interest.
- Yellow background = drop in interest.
- Fuchsia Circles = Clustering of circles on the lower end of the spectrum means consolidation.
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///🎉🎉🎉Before You Go🎉🎉🎉///
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""Keeping it short and sweet as always.""
- assetsandcoffee📈☕
DREPUSDT Long SetupDREPUSDT Long Setup.
If the setup is validated, then we can open a buy trade from the area drawn in the chart.
DREP will pump soonAs seen in the chart, DREP has reached the bottom of the falling wedge. This point is a strong support therefore DREP will reverse from here. I'm expecting a pump tomorrow. This is the best time to buy drip at 1.6 dollar.
bearish shit. take your loss. buy btcyeap. drep hodlers will bleed big time. take your loss and just but btc. 100k soon.
Drep Bottomed againAccording to my previous post, Drep failed the retest, so we can pick it up now at the support, or you can wait for a breakout. I'll advise you to buy now but, #notfinancialadvise 😁
🆓Drep/USDT Analysis (20/4) #DREP $DREPThe buying force is coming into DREP and it could move up to 2.2$ zone again to conquer this zone. But I think it will take us some days to break this zone and move up to 2.8$, 3.5$ or even 5.5$ in this April
📅EVENTS
👉Sep 1 : Token Reduction
👉Dec 31 : Verifiable White List
👉Dec 31 : Launch of DREP Credit DID
👉Dec 31 : Credit Mechanism V1
👉Jun 30, 2022 : Social Credit Mining
📈BUY
-Buy: 1.7-1.8$. SL B
-Buy: 2.15-2.25$ if A. SL B
📉SELL
-Sell: 2.15-2.25$. SL A
-Sell: 2.8-2.9$. SL A
-Sell: 3.4-3.6$. SL A
-Sell: 5.4-5.6$. SL A
♻️BACK-UP
-Buy: 1.3-1.4$ if A. SL B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
Told you so!My $1.6 support was legit. All who took that analysis will be swimming in profit right now.
However, if the retest fails, we would pick Drep at the lower boundary. If it succeeds, more upside coming towards the midline
Be patience. Once the volume starts, it will start flyingEveryone is cursing this coin. But in my opinion, this coin has such a huge potential. It only needs some time. After token reduction, consolidation is normal. Read the project and do your own analysis. I think it will take few weeks to reach the TP1 and TP2. I am trying to keep the chart simple. Complexity doesn't help so much.
Best of luck.
Patience is what needed in this game.
This is not financial advice. Trade at your own risk.