Decred / Bitcoin

Decred soon to breakout?

357
DCR has been on a steady uptrend for over a month. The support line is holding extremely well with 4 tests so far. The resistance has been tested 5 times with one false breakout. Bullish descending wedge now nearly formed and breakout looks imminent. Fib levels are holding strong and breakout will test important resistance level. Conservatively, buy on confirmation of breakout at 840k sats and close position at 1040000 sats (141.4% fib level) — resulting in 25% gain. Optimistic - buy at 840k sats, set stop loss at 950k sats once 141.4% fib hit, then keep riding the wave.

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