Decred / BitcoinLong
DCR / BTC on ascending channel and clear uptrend !
The chart of DCR / BTC give us some clear signs to be optimistic for thee following weeks:
- It is on a clear uptrend since December
- Lately it has been moving on ascending channel, and very recently has rebounded from the bottom of this channel
- The MACD is about to cross upward, and the Stoch.RSI suggests that there is plenty of room for the price to move up.
We can set up the following trade:
Buy below 0.0090
Target at the top of the channel @ 0.0110
If you are patient and willing to wait, if the price breaks the resistance formed by the top of the channel, we might see new highs formed; so for long-term, I would not sell all my DCR at the target.
Stop-loss @ 0.00805
Follow us on Telegram @ t.me/cryptowhaletrading
- It is on a clear uptrend since December
- Lately it has been moving on ascending channel, and very recently has rebounded from the bottom of this channel
- The MACD is about to cross upward, and the Stoch.RSI suggests that there is plenty of room for the price to move up.
We can set up the following trade:
Buy below 0.0090
Target at the top of the channel @ 0.0110
If you are patient and willing to wait, if the price breaks the resistance formed by the top of the channel, we might see new highs formed; so for long-term, I would not sell all my DCR at the target.
Stop-loss @ 0.00805
Follow us on Telegram @ t.me/cryptowhaletrading
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.