Breaking. For Immediate Release and Trade
News has just been released on the wire that Binance will be adding DeCreed or DCR from tomorrow. Those who are interested in entering a trade should read the Technical Analysis reasons below and the entry/exit level
- A dump at $47.20 has been rejected. This has been to fill a volume gap as a result of the 40% increase.
- An entry level of $46.62 – the previous resistance level and where the 200 EM could be found is a perfect entry.
- Dump rejected by the 15MA.
- RSI Stochastic on Higher Time frames will cross over if a dump to $44-46 happens – representing another 30% growth as a result of the addition.
- Current Volume is well below the normal average of DCR daily.
- All Moving Averages on DCR will cross over within the next 24 hours, this could potentially propel DCR to $56.2 or $77.16
- OBV illustrating that there isnt as much volume as what would be expected, therefore despite the 40% increase – the market still has not fomo’d into it.
Nouvive recommends an entry level of 50% at $46.60 and 50% at $44 with a stop loss at $40 and a take profit of 25% at $56.20 and 75% at $77.10. Always increase stop Losses in Profit.
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