Decred Is Trying To Recover

30 Jan 2022

Decred (DCRBTC) hit a low on the 13-Dec.
Ever since, it has been fighting to go up, trying to recover.

When we compare the low set on 13-Dec. 2021 to November/October 2020, we have a strong and clear higher low.

We've seen some rejections as prices try to move up, right below the gray EMA200 line. But, currently, prices are trading above EMA50 and the pressure is upward.

As long as prices remain above the 13-Dec. low, we are bullish and following the small green arrow.

If this support is broken we will need additional correction, plus consolidation before the next bullish move can take place.

We are already seeing some Altcoins moving.
We have a recent higher low (10Jan. vs 13Dec.)
We also have bullish indicators.

The potential is there for a change of trend.
If you decide to trade, remember to plan ahead and use a stop-loss.

Namaste.