A Look At The Decred Chart

Comment your opinion below:-)

If you would like me to take a look at any other coin in particular, let me know in the comments below and I'll try and see what I can work up:-)

• The Daily RSI looks close to overbought
• The MACD doesn't look close to crossing and has set up a nice support line with 3 hits(Daily)
• The OBV has seen a sharp rise since early December and the price hasn't necessarily reflected this movement. A divergence to keep an eye on

My Next Target?
The .618 Fib line and 1.5M satoshi level as an initial target for taking profit. I hold Decred long term due to it's advanced form of blockchain governance and also being a POS coin.

Upcoming News/Events to look out for:

• The Politeia Challenge event seems interesting and starts on February 10th
• Decred has a really strong team and is one of few coins Charlie Lee himself holds. Keeping an eye out for Decred Lightning Network payment channels is something we should all look out for!

1D

4H

1H