Major confluence on daily timeframe
Finding support on two indicators
Obligatory: this is not financial advice and I am not a financial advisor.
EMA
Decred found support on the daily 20 and 50 EMA at $60. If this holds the next level of resistance is the 200 at $80.
Ichimoku
The tenkan and kijun also proved support at $60. Currently it’s consolidating right below the cloud. Piercing the cloud gives a strong potential to execute an end-to-end which would send it to the other side of the cloud around ~$80.
Conclusion
Decred finding support off the daily EMA's and cloud MA's. The next level of resistance on both is ~$80.
Major confluence on two reliable indicators on high time frames.
Now let's just hope stonks don't do us dirty.
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