DRCBTC - Some Bullish Action

Decred is look quite bullish to me. We have:
* An ascending triangle
* A golden cross
* Some positive candles recently

Look for a break out sign. Upon break out, expect it to go to 0.0165.

Note

Decred is my dark horse, I really like this idea. It could break the resistance line and break out of the triangle any time over the next few weeks. If it does I would expect it to increase sharply.

My best guess is that there should be at least 1 more bounce off the resistance line as momentum (RSI) is moving towards over bought. So more than likely there is still time to set up a trade. I'll be looking to set one up today and will post here.

Note

Decred still bouncing around within the ascending triangle. Still looking good. Could be clutching at straws here but I see 2 possible inverse head and shoulders forming, let's wait a bit longer and see. More than likely will head towards the bottom of the triangle and hopefully bounce.

Note

Bloody amazing, the market is in absolute turmoil and yet Decred has remained within the asending triangle so far... Keep an eye on it if it bounces around in there and survives the storm then I think this will be a beautiful breakout. If not it will suffer the same fate as the vast majority of other altcoins.

Note

I'm still keen on this as possible trade. I believe the break below is an anomaly based on the BTC crash. Let's keep watching over the next few days and look for signs of a breakout above the top of the triangle. Then I'm in.

Order cancelled

Cancelling idea as no longer valid. No trade was entered.

j0nesy1977.mj

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j0nesy1977.mj