DCRBTC hit the support of pennant | Upto 359% potential trade
Priceline of Decred Decred (DCR) / Bitcoin cryptocurrency is moving withina pennant since June 2017.
Within the pennant the price action formed head & shoulder pattern and pushed the price action to the support.
Now after hitting the support of the pennant and bollinger bands the MACD is turning bullish and RSI entered in oversold zone.
The sell volume is also decreased and volume profile is showing less interest of cryptocurrency trading below the support.
I have defined the sell targets using Fibonacci sequence from last highest upto the support of the pennant rather than from the tail upto the support for secure targets but the price action can even go higher than the targets I have defined.
Sell between:
Sell between: 0.00725349 to 0.01208048
Regards,
Atif Akbar (moon333)
Within the pennant the price action formed head & shoulder pattern and pushed the price action to the support.
Now after hitting the support of the pennant and bollinger bands the MACD is turning bullish and RSI entered in oversold zone.
The sell volume is also decreased and volume profile is showing less interest of cryptocurrency trading below the support.
I have defined the sell targets using Fibonacci sequence from last highest upto the support of the pennant rather than from the tail upto the support for secure targets but the price action can even go higher than the targets I have defined.
Sell between:
Sell between: 0.00725349 to 0.01208048
Regards,
Atif Akbar (moon333)
