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.
- 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.