Looking at Decred (DCR), we have another fascinating chart in the alt space. DCRBTC could be in the early stages of a much more significant up move. We saw a presentation on Decred at the Austin Bitcoin conference. Decred has specific properties on its blockchain that make it appealing as a cryptocurrency. Decred is also a favorite of major hedge fund, Delphi Digital
Looking at the chart, DCRBTC is pressing against horizontal resistance at 29. While we have to wait and see, we suspect Decred (DCR) has the power to through this level. If Decred (DCR) can get through this level, 44 would be next.
Bottom Line: Barring a significant drop in the crypto markets as a whole, Decred (DCR) looks like a coin where you can buy dips.
Looking at the chart, DCRBTC is pressing against horizontal resistance at 29. While we have to wait and see, we suspect Decred (DCR) has the power to through this level. If Decred (DCR) can get through this level, 44 would be next.
Bottom Line: Barring a significant drop in the crypto markets as a whole, Decred (DCR) looks like a coin where you can buy dips.