Dark Energy Crystals (DEC) TA 10/14/2021

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With Dark Energy Crystals becoming seemingly more bullish every day I decided it was time to do some technical analysis on the current charts. The volume and volatility has been picking up this week with the recent surge past 1.5 cents- absolutely amazing for an asset that was virtually pegged to 1/10th of a cent for years. Of course once the DEC tokens were no longer able to be used for purchasing Untamed boosteer packs, since they sold out, the price of DEC has steadily begun climbing.

Then introduce the new Binance Smart Chain version of the token and BAM you have a huge influx of new users and millions in fresh capital along with it. I have seen some seriously huge whales coming into this ecosystem and I think this is really just the beginning of the price discovery phase.

On the chart above you will see I am using three different indicators: Bollinger Bands (BB), Moving Average Convergence/Divergence (MACD) and Relative Strength Index (RSI). Using this combination of tools and indicators, along with the correct time frames you can usually predict short term moves with high accuracy.

BB- slightly above the moving average of 1.51c, upper range of 1.56 and lower of 1.47
MACD- about to have a bullish crossover and histogram just flipped to positive
RSI- bullish divergence, price may be approaching overbought territories soon

I have also drawn the ascending triangle formation that has clearly presented itself in the recent days.

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More importantly as you can see I have detailed in this image we have been forming higher lows and attempting the same resistance levels. This means that eventually we will break through this resistance zone around 1.6c to form new highs as this buying pressure builds from below. I predict this will happen within the next 48-72 hours, but more than likely it could happen by tomorrow morning before the snapshot.

I would not be surprised to see the first breakout fail and retrace back down shortly after but this momentum will not be met without a follow-up.

Still extremely bullish on DEC going into the presale this week as the excitement continues to build and users keep stacking their SPS tokens in anticipation.

Expecting to see prices around 2 cents per DEC around the time of the presale with potential spikes to 3 cents or higher in the near future as we maintain this 200%+ APR for SPS airdrops simply for holding DEC.



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