this is my first trading idea. I would love to hear some feedback. Please also note that it only trades for 250k / day.
Looks like DCT is stuck in a . I think it found its bottom recently at about 11900 sats and made a nice breakout attempt (first green circle). Now its trading in upper half of the channel, heading towards bottom line again (second green circle). I expect it is going to make a breakout at that point simply beacause price cannot escape downwards.
My target would be fib line (t1) where it should find some selling pressure and possibly heading towards T2 if forms. T2 is next fib line which was also supportive / gave resistance in the past. Stop loss around 11500 Sats (bottom line theory = wrong, DCT continues channel).
Looking forward to opinions!
PS Note that this is just an TA attempt, I am not considering any news or something which could shake everything at this low mcap.
EDIT: T2 slipped a bit, should be more around 0,00028500
Sorry for late answer.
I don't know how to call that volume on bittrex. But it shows the interest of the people. volume increases just before jumps.
I noted the active volumes today. 172 btc- 180 btc- 190 btc 432 btc.
price jumped from 16000sats to 19000s