Skanda

Skanda

DCR is following the same script from last bear/bull, I numbered each important move from 1 to 6. Recently (moves 5 and 6) it has done the same kind of fake breakout into bullishness and then retest of the bottom as last time. We are on the brink of a major reversal and ascension to new highs. Remember DCR drastically reduced suppy (PoW reward to 1%) and most of...

Skanda

DCR is a project that has had massive technological progress but has had a problem with Chinese ASIC miners dumping all inventory, suppressing authentic price discovery. However, this Golden Cross signals a major reversal. DCR has been sometimes compared to a "coiled spring", waiting to jump upward like crazy. The golden cross signals this moment. I believe we...

Skanda

Historically every time EMA20 crossed EMA50 on this chart, a violent upswing happened, testing the EMA200. If EMA200 is crossed, violent moves up to +100% are likely, otherwise rejection back to EMA50. However, given that EMA200 is so close this time, a breakout is becoming more likely. Closely watching this situation that should resolve in a day or...

Skanda

check my other more important chart (DCR/BTC) this one is less important in my opinion, but it shows the same, in July we have a reckoning moment where DCR will have to decide what to do with its long-term downtrend... very exciting times ahead especially considering DCR will have a vote to reduce the supply to miners (less selling pressure)

Skanda

We are in a massive multiyear downtrend vs BTC and once we tried to break through it was a mega candle but it got rejected. Until July 14 we will need to have another such moment, and it's the moment of truth. A violent movement is expected.

Skanda

Soon to be decided what happens after the end of this structure I am not going say more than this, I don't want to do TA on cumulative chart However, it could signal a big move after we confirm an interruption of that structure

Skanda Updated 

DCRBTC is at a crucial point of a multi-year structure I have no bias about it either LONG or SHORT but it's interesting to watch

Skanda

Zooming out, the monthly candles are still within the symmetric wedge, but the volume just isn't there. Decred team hired a new PR firm (Ditto), with their Proposal System. If they have have news coming out soon, perhaps the long-awaited Privacy release, it could bounce. I remain hopeful for this project because there's many things that set it apart from the...

Skanda

DCR/BTC is at a crucial moment, touching a long-term trendline. If we bounce off of this point, there's an opportunity of finally seeing DCR gaining momentum. I was waiting for us to get to this point for a long time.

Skanda Updated 

Decred's Politeia system released these days, which is great fundamental news. The volume remains low, unfortunately, and this is the main reason for my reserved optimism. Technically, we're in the area of a major support trendline so that does look good, coupled with the great fundamentals (more releases coming soon, like privacy). I'm watching this and holding...

Skanda

This is a decisive moment as DCR/BTC touches the big one, the massive trendline that is its lifeline This could be the chance DCR has been waiting for.

Skanda

My simple DCR/BTC TA without voodoo. Previous resistance down trendline became support. Chance for a long term uptrend. I use BTC/DCR instead of USD/DCR like most because that's where the majority of volume is generated. This is the only kind of TA that makes sense IMO (go back to the basics, as Jason Stapleton teaches).