Decred ready to melt faces.Decred broke out of the descending channel, and is now ready to move higher against BTC.
DCRBTC trade ideas
Decred Continues Strong Since NovemberDecred (DCRBTC) continues to be strong ever since the November low was hit.
We've been having very solid consolidation near resistance while other altcoins continue to crash and hit lower.
This one remained stable while Bitcoin continued to grow.
This is a good signal.
Here is the previous analysis from early December (sideways = strength)
And from early November:
This one is likely to resume growing and print a higher high soon.
Thanks a lot for reading.
Namaste.
Seems like Decred formed resistance below the 140-level Over the past 2 weeks volume profile changed into more stable support base with resistance; revealing force pushing at 131-125 back to 140.
Resistance is weak, bears in controlStart heading towards center of monthly volume at 109
Considering possible scenario to smash into the 0.00090 level.
Resistance is weak, bears taking controlStart heading towards center of monthly volume at 106.
Considering possible scenario to smash into the 0.00080 level.
Bears close their shorts, but the descending mass is too heavyPossible break through at 127 down to 110
Decred | Back in the game?ℹ️Reasons to buy:
✅96% drop from ATH;
✅Fundamentally strong project;
✅Downtrend breakout
low time frame trading rangeDecred has managed to form a trading range which makes me much less bearish than before. As long as we can remain in this trading range there's a setup for an end-to-end to pop us back into the 0.0017's.
DCRBTC IdeaWith the amount of DCR locked up in tickets, this pair will surprise many. Big resistance at the red box, I will be accumulating what I can below it. When DCR is listed on Coinbase, it will probably never go this low again. Looking to take profit inside the tan box. Time frame well into 2024 giving time for more people to see the light :) GL
Falling wedge into trend reversalHere's an update on that falling wedge I posted earlier about. Looks like it head faked down and then reversed back up to confirm the breakout, sending us into a short term trend reversal.
$DCR $DCRBTC #decred
Decred Perfect Hit... Looking Back At November 18...Here is the chart we shared for Decred (DCRBTC) back on November 18, it reads... Decred Bullish, Final Call .
And today we have a strong bullish breakout.
Conclusion?
Patience is key!
Namaste.
Decred Bullish, Final CallAfter hitting a low on 3-Nov. Decred (DCRBTC) broke its downtrend and is now printing a new uptrend.
Before 3-Nov, notice the green falling wedge, we can only see lower lows and lower highs...
After this date, we are now seeing higher lows and higher highs.
With this type of action now clearly shown on this chart.
And additional bullish signals like a test of EMA50 as support holds and bullish indicators... We can see that DCRBTC can jump anytime.
It can take a few days just as it can take a few weeks... Have a plan after buying... In this situation patience is key.
Namaste.
DCRBTC - Long - Potential 7.67%DCRBTC - Long - Potential 7.67%
Entry- 1272
TP1- 1320
TP2- 1369
SL- 1205
- MANAGE TRADES- BTC VOLATILITY STILL HIGH
- RR - 1.47
- Trailing Buy - 0.5%
- Trailing Profit - 1%
- Trailing Stop-Loss - No
DCR-BTC trend breakthroughGreetings,
a tool in a global channel that looks down like all altocoins. At the moment, the price is close to the upper limit of the channel, and can give a good entry point when breaking and anchoring above the channel. Also on the horizontal volumes you can see important support and resistance zones, which will act as targets for taking profits and placing your stop orders.
Support with likes if you find it useful.
DCRBTC nice breakout from descending channel 🦐DCRBTC nice breakout from descending channel. The price tried to have a breakout from 4h resistance without success.
IF the price will have a breakout from 4h resistance and flip into 4h support According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
