The repression of DCR's break out will soon subside.
- We note two large daily wicks towards ~23.875 - Liquidity on the books will soon be unable to hold. As a result we begin to see large daily wicks as the sell side is lifted without liquidity to back the price stall. - With over 50% of the circulation locked up in staking, the upside pressure will soon take over as sell side demand continues to with.
I will keep an eye on: i) Liquidity zone between 23.875 - 25.805 iii) With a substantial break, DCR has the open road to push towards $30
Will monitor this actively as accumulation continues. If we make a substantial move down, I will most likely look to continue getting long.
@mattgetsbarreled, Agree. Downside is to be somewhat expected where we are in the market. I do not believe it hurts the long term outlook on DCR in the slightest.
We shall see :)
mattgetsbarreled
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@Aerot, bro once Decred gets going in a solid up trend I think it will blow all other alts out of the water. It just need to break $172. Hopefully by this time next year we are there