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Decred / TetherUS

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DCRUSDT trade ideas

Decred [DCR] - Buy PullbackDCRUSDT has had a significant bullish change in character whereby demand was found in Hammer and Piercing Pattern formations on 31D and 1M charts, respectively. Price has expectedly met with supply at Phi EMA 144 and a pullback will ensue. Ideal re-entry will be between SMMA 6 & EMA 30 ($15.50-$16.50). Buy only on bullish candlestick reversal signals with volume to support higher prices. We're looking for Hammers, Bullish Engulfing Patterns, and Morning Stars. Volume is the key factor which will illustrate the drive to break out of EMA 144 and push into the next Phi EMA 305 target ($20.00). Heikin Ashi well illustrates the bullish change in character and the zone between SMMA 6 & EMA 30 represent the sweet spot for long entries. Beware that a failure of these EMAs to hold as support will invalidate this bullish analysis. Entry: 15.50-16.50 SL: $14.50 TP1: $20 TP2: $23 RR: 2.67/4.67
Long
by zerocashcool