DEAPCOIN (DEP) Fake Breakdown, Can Go Bullish Now For 150%DEAPCOIN (DEP) just printed a perfect "fake breakdown" candlestick pattern which will be completed if prices close today above 59 satoshis (0.00000059).
Meaning, if prices close above 59 for DEPBTC, we can see strong bullish action take place.
This is because the break we saw below support in early October, will turn out to be a "shakeout"/"stop-loss hunt", rather than a real break of support.
We have a strong RSI, above 50, supporting this move and also other altcoins pairs starting to move.
Conditions for change
This pattern is invalidated if prices for DEPBTC close below the ATL at 41 (0.00000041).
Thanks a lot for reading.
Namaste.
DEPBTC
DEAPcoin (DEP) Project OverviewAbout DEAPcoin
The DEA Project is a blockchain-based multimedia digital entertainment platform featuring digital arts, games, and various other forms of entertainment. Their utility token, DEAPcoin was minted on 29/08/2019. Headquartered in Singapore, most of the team members are Japanese, The platform aims to protect copyrights of individual artworks by creating digital art assets that can be used in gaming. The company launched the platform "PlayMining," where users can play games and earn points that can be converted and used in real life.
Source: Coinmarketcap.com
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The chart is new but prices are trading near ATH.
A lower high is also present... More low is possible at this time.
Namaste.
This is not financial advice.
