DERCUSD Potential Reversal , RSI Divergence + Outbreak
With Derace launching its full 'NFT horse racing metaverse' in October, I'll be sure to keep an eye on the price action leading up to this event.
In addition to releasing a bunch of tools for the community before launch, Derace will also focus on Mass adoption once launched.
All of these things will drive engagement up and hopefully reduce some of Derace's current bearish sentiment.
So fundamentally speaking, there is definitely some upside to be had...
On a technical level, we can come to the same conclusion:
1. Decreasing volume on Weekly
2. RSI Divergence
3. Curve-shaped Recovery
4. RSI outbreak --> Potential chart channel outbreak
5. 2 Month Consolidation around ICO price.
I would be really surprised if DERCUSD drops below 0.288 from here, but i could definitely be wrong.
Good luck!
In addition to releasing a bunch of tools for the community before launch, Derace will also focus on Mass adoption once launched.
All of these things will drive engagement up and hopefully reduce some of Derace's current bearish sentiment.
So fundamentally speaking, there is definitely some upside to be had...
On a technical level, we can come to the same conclusion:
1. Decreasing volume on Weekly
2. RSI Divergence
3. Curve-shaped Recovery
4. RSI outbreak --> Potential chart channel outbreak
5. 2 Month Consolidation around ICO price.
I would be really surprised if DERCUSD drops below 0.288 from here, but i could definitely be wrong.
Good luck!
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