Skanda

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.

DCR is a project that has had massive technological progress but has had a problem with Chinese ASIC miners dumping all inventory, suppressing authentic price discovery. However, this Golden Cross signals a major reversal. DCR has been sometimes compared to a "coiled spring", waiting to jump upward like crazy. The golden cross signals this moment. I believe we will see at least a 20x in 2024, similar to what we saw in 2021.

EMA20 about to cross EMA50 on DCR-USDT, bullish Historically every time EMA20 crossed EMA50 on this chart, a violent upswing happened, testing the EMA200. If EMA200 is crossed, violent moves up to +100% are likely, otherwise rejection back to EMA50. However, given that EMA200 is so close this time, a breakout is becoming more likely. Closely watching this situation that should resolve in a day or two Potentially very bullish

$DCR approaching a crucial point both vs USDT and vs BTC check my other more important chart (DCR/BTC) this one is less important in my opinion, but it shows the same, in July we have a reckoning moment where DCR will have to decide what to do with its long-term downtrend... very exciting times ahead especially considering DCR will have a vote to reduce the supply to miners (less selling pressure)

Ugly sketch of the most important thing on a DCR CHART, EVER We are in a massive multiyear downtrend vs BTC and once we tried to break through it was a mega candle but it got rejected. Until July 14 we will need to have another such moment, and it's the moment of truth. A violent movement is expected.