@$DCR Follow him, an excellent and distinguished analyst @
DCR
19.64
+2.50%
🚨 Analysis of DCR coin: The calm before the storm?
While everyone is busy with pumping coins, we take a look at DCR which sits in the shadows around 19. Here’s the technical situation in brief:
📉 The RSI indicator screams "Opportunity":
The indicator records 25.93 on the daily timeframe. We are in strong "oversold" areas. Technically, a rebound from here to correct the indicator is the most likely scenario.
🧱 The defensive wall:
The price perfectly respects the support area at 18.16$ . As long as we do not close below this number, we are in an "Accumulation Phase" preparing for the next move.
🎯 Roadmap:
For the snipers: entering in the areas of 18.5$ -19$ is considered a high return for low risk (R/R Ratio).
First target: testing the nearby EMA average at $21.10.
Stop loss (mandatory): daily close below 18.00$ negates the positive scenario.
The market rewards those who are patient, buying at support and selling at resistance.
While everyone is busy with pumping coins, we take a look at DCR which sits in the shadows around 19. Here’s the technical situation in brief:
📉 The RSI indicator screams "Opportunity":
The indicator records 25.93 on the daily timeframe. We are in strong "oversold" areas. Technically, a rebound from here to correct the indicator is the most likely scenario.
🧱 The defensive wall:
The price perfectly respects the support area at 18.16$ . As long as we do not close below this number, we are in an "Accumulation Phase" preparing for the next move.
🎯 Roadmap:
For the snipers: entering in the areas of 18.5$ -19$ is considered a high return for low risk (R/R Ratio).
First target: testing the nearby EMA average at $21.10.
Stop loss (mandatory): daily close below 18.00$ negates the positive scenario.
The market rewards those who are patient, buying at support and selling at resistance.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.