Decred has found the bottom at btc 0.0028 after which price started to move higher breaking above the 200 Moving Average. For the past four months price has been ranging between btc 0.01 and 0.005. Nevertheless price continues to produce higher highs and higher lows.
The last corrective wave down where price found the support at btc 0.0056, could have been the very first corrective wave of a stronger five wave uptrend. Currently DCR/BTC starting yet again to gain upside momentum and seem to be ready to produce a new high.
There are two major resistance levels that should be watched. First is 327.2% Fibonacci retracement level at btc 0.02 area. When/if that resistance is broken price is likely to continue moving higher towards the key resistance located at 267.2% Fibs, that is btc 0.032 area.
The last corrective wave down where price found the support at btc 0.0056, could have been the very first corrective wave of a stronger five wave uptrend. Currently DCR/BTC starting yet again to gain upside momentum and seem to be ready to produce a new high.
There are two major resistance levels that should be watched. First is 327.2% Fibonacci retracement level at btc 0.02 area. When/if that resistance is broken price is likely to continue moving higher towards the key resistance located at 267.2% Fibs, that is btc 0.032 area.