Decred vs Bitcoin Analysis (505% Possible On Next High)

2022年12月2日

We looked at Decred vs Tether (DCRUSDT) and it is bottomed out and also starting to grow... You can find the article below:

Now, let's have a look at the Bitcoin pairing, DCRBTC and what the chart has to say.

The first thing I notice when looking at this chart is the long-term higher low.

In November 2020 DCRBTC hit its low point.
In July 2022 DCRBTC hit a new low but this time higher than Nov. 2020.

Then of course a new low in November 2022 but higher than July, keeping this pair within higher lows short- and long-term.

The trading volume is being dominated by bull/green volume, in the long-term as well.
The RSI is strong, we consider it strong above 30 on the weekly timeframe.

These signals together tells us of a potential higher high coming next.
Higher lows lead to higher highs and we have the support of good trading volume and a strong RSI.

Now, multiple targets for the above signals.

The easy target is set at around 0.002574 or ~100%.
Followed by 0.003531 or ~180% if DCRBTC grows but doesn't gain much strength.

The last and final potential target would be 0.007585 for a higher high and a massive potential of 505%.

This is all based on the action that started in early November 2020 and the signals that I just read.

Namaste.