DCR/USD consolidation

Oct 21, 2020

Decred is consolidating after several strong wicks on 4hr candles and trying to break above the ichimoku cloud which would initiate a nice trend reversal. Price target for the symmetrical triangle forming is ~$16 and maybe further if we can sustain it and form some bullish ichimoku clouds.

Oct 25, 2020

Note

Continuing to consolidate through the symmetrical triangle. Neutral signals on the cloud still. I still think this will break up with conviction.