Short

DECRED DESCENDING WEDGE SHORT IDEA.

Updated

I love this project and hold as a hedge to Bitcoin but can't help but feel that we're going to break down versus Bitcoin soon.

Descending wedge type pattern playing out.

Let's see.

Let me know what you think.

Note

Just to add, i think we will reject from the 200 daily MA again and this will trigger the sell. Targetting lows around 158,000 sats or thereabouts.

Note

Spike back up, rejected from the 200 MA. Let's see if she will continue to target now. There i will be a buyer again.

Note

This is still a valid trade and can easily hit target.

Been a while in the making bit patience is paying off.

Time to buy soon.

Note

Still valid but there is an argument that a base is being built here and a reversal is on the cards.

Note

Almost there! Target now in sight!

Trade closed: target reached

Target reached almost 2 months later!! Time for me to look for longs i think. Thank you and goodnight

Trader_Bean

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