Technical analysis by Skanda about Symbol DCR: Buy recommendation (7/27/2024)

DCR is following the same script from last bear/bull, I numbered each important move from 1 to 6. Recently (moves 5 and 6) it has done the same kind of fake breakout into bullishness and then retest of the bottom as last time. We are on the brink of a major reversal and ascension to new highs. Remember DCR drastically reduced suppy (PoW reward to 1%) and most of it is locked in staking, which will cause a major supply shock.