DCRUSDT trade ideas
Decred [DCR] - Buy PullbackDCRUSDT has had a significant bullish change in character whereby demand was found in Hammer and Piercing Pattern formations on 31D and 1M charts, respectively. Price has expectedly met with supply at Phi EMA 144 and a pullback will ensue. Ideal re-entry will be between SMMA 6 & EMA 30 ($15.50-$16.50). Buy only on bullish candlestick reversal signals with volume to support higher prices. We're looking for Hammers, Bullish Engulfing Patterns, and Morning Stars. Volume is the key factor which will illustrate the drive to break out of EMA 144 and push into the next Phi EMA 305 target ($20.00). Heikin Ashi well illustrates the bullish change in character and the zone between SMMA 6 & EMA 30 represent the sweet spot for long entries. Beware that a failure of these EMAs to hold as support will invalidate this bullish analysis.
Entry: 15.50-16.50
SL: $14.50
TP1: $20
TP2: $23
RR: 2.67/4.67
$DCR Trying to flip (R/S) on the USDT at around 27$...$DCR Trying to flip (R/S) on the USDT at around 27$...
UCTS printed a buy signal on the 1D..
RSI got rejected at overbought levels but for now is holding above support
Volume increased over the last 2 days
Crossing above 29,74$ (fib level) can act as confirmation
#DCR
$DCR 26$ resistance seems to too strong for now.... $DCR 26$ resistance seems to too strong for now....
RSI coming out from overbought levels.
Volume decreasing.
Stoch showing bearish div on the daily
If rejection get confirmed, a retest of 21$ level or EMA50/100 seems possible (and good entry).
#DCR
