Decred (DCR) is an open source Bitcoin fork and placed at 38th rank out of more than 2300 cryptocurrencies as per coinmarketcap data.
This is also one of the most undervalued coin and it has potential to produce very massive profit move in the year of 2020 to 2021.
The Bullish Setup:
Priceline of Decred (DCR) with Bitcoin pair is moving within a pennant since June 2017.
Within the pennant the price action formed head & shoulder pattern and pushed the price action to the support.
Now after hitting the support of the pennant and bollinger bands the MACD is turning bullish and RSI entered in oversold zone.
The sell volume is also decreased and volume profile is showing less interest of traders below the support level.
I have defined the sell targets using Fibonacci sequence from last highest up to the support of the pennant rather than from the tail up to the support for secure targets but the price action can even go higher than the targets I have defined.
Sell between: 0.0072 to 0.0120 sats
As above target this asset has potential to give up the 359%.
