Following the previous idea on Decred, it has broken above the resistance at $110, and this price currently acting as a support level. It could be a good starting point for the uptrend continuation where price could grow from the current $110 up to the $222.
At $222 there is a strong resistance confirmed by the 727.2% Fibonacci retracement level applied to the last strong corrective move down, that lasted from June until July. At the same time, $166 resistance level should be watched as the rejection of it could result in consolidation. All in all DCR/USD looks extremely bullish where uptrend is likely to continue. Only a break below the $53 support could invalidate bullish outlook.
At $222 there is a strong resistance confirmed by the 727.2% Fibonacci retracement level applied to the last strong corrective move down, that lasted from June until July. At the same time, $166 resistance level should be watched as the rejection of it could result in consolidation. All in all DCR/USD looks extremely bullish where uptrend is likely to continue. Only a break below the $53 support could invalidate bullish outlook.
Kommentera:
Decred right at the uptrend trendline, lets go up already
Kommentera:
Decred going up as expected, target should be reached shortly