Dcr
DCR gonna do it again?DCR looks to be making another big move up. There was no big selling after the recent move. MACD trending like the last big move. Falling wedge like last time. I decided to try out fib time extensions, even those line up well.
Side note, I tried the fib time extensions out a little bit on this chart - they seem to work very well in backtesting.
Decred Inverse Head & Shoulder $DCR $BTCAfter breaking out of a long term downtrend (since launch) in late Jan 2017, we made a local high at 0.00339911 and been bleeding out since.
Inverse H&S forming here with the neckline resistance at 0.0021. Breaking above with good volume will confirm the reversal. If volume is significant, we can see this lead to a quick continuation of the bull trend with new highs, otherwise lead to further consolidation within structure before any major move.
Long if it breaks above iHS neckline.