Decred Overview & Chart Analysis (Starting To Move)
Updated
Decred (DCR) Overview
Decred (DCR) is an open-source, Bitcoin fork that places emphasis on development funding, on-chain governance, and consensus mechanisms.
Launched in Feb 2016 by the Bitcoin developers behind btcsuite (an alternative full-node Bitcoin implementation written in Go (golang), Decred successfully orchestrated an on-chain user-activated consensus vote, which is emblematic of the project's emphasis on community-driven stakeholder governance. Other features of the project include a hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system, a public proposal platform, smart contracts, cross-chain atomic swaps, and cross-platform wallets.
Now let's take a look at the daily timeframe chart for DCRBTC:
Additional details can be found on the chart.
Namaste.
Decred (DCR) is an open-source, Bitcoin fork that places emphasis on development funding, on-chain governance, and consensus mechanisms.
Launched in Feb 2016 by the Bitcoin developers behind btcsuite (an alternative full-node Bitcoin implementation written in Go (golang), Decred successfully orchestrated an on-chain user-activated consensus vote, which is emblematic of the project's emphasis on community-driven stakeholder governance. Other features of the project include a hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system, a public proposal platform, smart contracts, cross-chain atomic swaps, and cross-platform wallets.
Now let's take a look at the daily timeframe chart for DCRBTC:
- Here we have a broken downtrend line (red dotted).
- We can see big volume and EMA50 rejecting the growth. That's the level to break for DCRBTC to move higher (so you see a green arrow above it).
- There is a bullish divergence with the MACD.
- The RSI hit ~18 recently, very low, and is now strong/bullish above 50.
- DCRBTC is trading above EMA10 (green line) which tells us that it has bullish potential.
Additional details can be found on the chart.
Namaste.
Note
Our first target has been hit.Enjoy the profits.
1) 0.002240 |Hit 3-Nov. (+18%)
Note
Targets:1) 0.002240 |Hit 3-Nov. (+18%)
2) 0.002440 |Hit 3-Nov. (+29%)
Note
Targets:1) 0.002240 |Hit 3-Nov. (+18%)
2) 0.002440 |Hit 3-Nov. (+29%)
3) 0.002700 |Hit 11-Nov. (+43%)
*) 0.002892 | Hit 15-Nov. (+53%)
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