I first alerted Dero (DERO) just over a year ago back in February 2021 back when it was only about $2 USD per coin. Back then, there was an announcement that the DERO-HE testnet for Stargate RC2 would be launching.
In addition to this long-awaited positive fundamental news, there are some bullish technical signs on the chart as well. Looking at the TradeOgre DERO/BTC chart below, I think it’s notable that within the past few weeks, price has broken above the Ichimoku Cloud and remained above it steadily for the first time since October last year.
TradeOgre DERO/BTC daily linear chart with bullish divergences
Notice that the Ichimoku Cloud has also flipped to a bullish green out in front of the market within the past few weeks for the first time since last November. Another bullish sign is that the Fisher Transform Indicator has just flipped bullish right at the zero line. Also notice the multiple bullish divergences as shown by the gray arrows.
At this point I would recommend buying the dips, especially if you don’t yet have a position in this crypto asset.
Invest and trade wisely,