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DCR/USDT Ready for a Bullish Rally From a key Support💎#DCRUSDT is primed for action as it approaches the upper boundary of a Descending Channel. From the momentum gained at the support of $19.21, the asset shows a robust setup for breaching the channel constraints. Sustaining this momentum could catapult it out of the descending channel. 💎However, If #Decred cannot hold its ground at $19.21 and dips beneath this level, it might hint at a protracted bearish trend with the next vital demand zone awaiting $17.69. This area is renowned for its dynamic recoveries, fueled by substantial liquidity influxes seen in past interactions. 💎If GETTEX:DCR revisits this demand zone, cementing a robust rebound is essential to uphold its support base. Any lapse in regaining strength could amplify downward pressures, sour market sentiment, and potentially spiral into more severe price retreats. 💎Stay alert and adaptable, Paradisers. Your ParadiseTeam is closely tracking and ready to navigate you through the unfolding dynamics of the #DCR market. MyCryptoParadise iFeel the success
DLong
by MyCryptoParadise_Simon
DCRUSDT.1DBased on the provided market data for DCR (Decred) traded against USDT (Tether), the current price of DCR is 18.38 USDT. In the 4-hour timeframe, the Relative Strength Index (RSI) is 65.28, which is slightly above the neutral level of 50, indicating a stronger buying pressure. The Moving Average Convergence Divergence (MACD) is positive at 0.93, which is a bullish signal, and the Bollinger Bands (BB) are at 19.06, suggesting a moderate level of volatility. The support levels are at 15.30, 13.68, and 12.39, while the resistance levels are at 22.62, 26.39, and 28.54. In the daily timeframe (1d), the RSI is 65.78, which also shows a stronger buying pressure. However, the MACD is negative at -0.23, which indicates a bearish signal. The BB is at 18.09, suggesting a lower level of volatility compared to the 4h timeframe. The support levels are at 13.68, 11.20, and 10.88, while the resistance levels are at 22.60, 25.95, and 28.50. In the weekly timeframe (7d), the RSI is 59.51, which is slightly bullish. The MACD is positive at 0.29, indicating a bullish signal, and the BB is at 18.53, which suggest a moderate level of volatility. The support levels are at 14.40, 11.40, and 6.04, while the resistance levels are at 22.62, 28.22, and 33.33. Overall, the technical analysis suggests that DCR is currently in a slightly bullish trend. However, with the MACD showing a bearish signal in the daily timeframe, it might be prudent to monitor the market closely for any potential reversals. Please note that this analysis is based solely on the provided data and does not consider other factors such as market news or global economic conditions that might impact the price. As always, it's important to do your own research and consider your personal risk tolerance before making any investment decisions.
by MarsSignals
DCR USDT LONG SWING| DCRUSDT | LONG @ 15.5 - 16.5 | TP @ 17, 17.25, 17.5, 17.75, 18 | SL @ 14 | PATTERN = QUADRUPLE TOP BREAKOUT | BINANCE | Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames BINANCE:DCRUSDT OKX:DCRUSDT BYBIT:DCRUSDT CRYPTO:DCRUSD KUCOIN:DCRUSDT COINEX:DCRUSDT GATEIO:DCRUSDT MEXC:DCRUSDT
Long
by Coindatahouse
DCR/USDT bullish continuation from support? 👀🚀DCR Analysis💎Paradisers, observe #DCRUSDT current trajectory, which presents a compelling case for a bullish continuation from its established support. 💎 Following the recent volatility in the market, #DCR has embarked on a downward trend. Presently, it demonstrates a heightened probability of initiating a bullish movement from the critical support level at $15.82. Should the price consistently sustain momentum at this juncture, the potential to ascend past the next resistance level becomes increasingly plausible. 💎 However, in the context of the cryptocurrency market's inherent volatility, a flexible and responsive strategy is paramount. If #DCR encounters resistance in maintaining its trajectory above the $15.82 support, a strategic pivot might be warranted. 💎 In such an event, our alternative strategy – Plan B – would focus on catalyzing a bullish movement from a lower demand level, specifically at $13.92. It is imperative to maintain vigilance, as an inability to uphold this level could be indicative of a developing bearish trend within the market. 🌴💰
Long
by MyCryptoParadise
DCR/USDT Bullish Prospects from Key Support?👀🚀 Decred Analysis💎 Paradisers, let’s focus on #DCRUSDT as it’s currently displaying a promising trend.it is solidly positioned at a key support level, hinting at a potential bullish movement. 💎 Looking back, #DECRED has shown a pattern of breaking upward from a descending channel, leading to an uptrend. At this juncture, if PSX:DCR maintains strong momentum above the crucial support level of $14.05, there’s a good chance it could ascend further, aiming to overcome the significant resistance at $19.20. 💎 However, if #DCR loses its footing at this key support, we may need to consider a shift in strategy. This could involve expecting a bullish recovery from a lower support level at $13.33. Importantly, a break below this level could indicate a move towards a more substantial downward trend. 🌴💰
Long
by MyCryptoParadise
2
$DCR/#BTC [#Decred]: SuperTrend Resistance_Breakout_Confirmation◳◱ We have identified both a Super Trend pattern and a Resistance Breakout on the $DCR / $BTC chart. Both indicators are signaling a bullish trend, with the Super Trend showing a bullish trend and the Resistance Breakout confirming this trend by showing the price breaking above a key resistance level. Given the alignment of these signals, it may be a good idea to consider entering a long position and targeting higher levels. Our analysis indicates that the key resistance levels are at 0.001123 | 0.001189 | 0.001334 and the major support zones are at 0.000978 | 0.000899 | 0.000754. However, it is important to also consider other factors such as overall market conditions and other technical indicators before making a trade decision. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.001103 ₿ ▣ 24HVol: 11.004 ₿ ▣ 24hChng: 6.058% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.001123 | 0.001189 | 0.001334 ◢ Support: 0.000978 | 0.000899 | 0.000754 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.65 - Bullish ▣ Reddit sentiment score is 0.50 - Bearish ▣ In-depth DCRBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
$DCR/#BTC [#Decred]: Resistance_Breakout_ConfirmationWe've detected a Resistance Breakout and Confirmation on the $DCR / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.001051 | 0.001082 | 0.001163 and the major support zones are respectively at 0.00097 | 0.00092 | 0.000839. We may consider entering a trade at the current price zone at 0.001052 and targetting higher levels. Technical Metrics : Current price: 0.001052 24H Volume: 8.7027 Ƀ 24H Price change: 2.734% - Pivot Points - Levels : Resistance: 0.001051 | 0.001082 | 0.001163 Support: 0.00097 | 0.00092 | 0.000839 Indicators recommandation : Oscillators: NEUTRAL Moving Averages: STRONG_BUY Technical Indicators Summary : BUY - In-depth DCRBTC technical analysis on > Tradingview TA page Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here
by Crypto2AF
Decred vs Bitcoin Analysis (505% Possible On Next High)We looked at Decred vs Tether (DCRUSDT) and it is bottomed out and also starting to grow... You can find the article below: Now, let's have a look at the Bitcoin pairing, DCRBTC and what the chart has to say. The first thing I notice when looking at this chart is the long-term higher low. In November 2020 DCRBTC hit its low point. In July 2022 DCRBTC hit a new low but this time higher than Nov. 2020. Then of course a new low in November 2022 but higher than July, keeping this pair within higher lows short- and long-term. The trading volume is being dominated by bull/green volume, in the long-term as well. The RSI is strong, we consider it strong above 30 on the weekly timeframe. These signals together tells us of a potential higher high coming next. Higher lows lead to higher highs and we have the support of good trading volume and a strong RSI. Now, multiple targets for the above signals. The easy target is set at around 0.002574 or ~100%. Followed by 0.003531 or ~180% if DCRBTC grows but doesn't gain much strength. The last and final potential target would be 0.007585 for a higher high and a massive potential of 505%. This is all based on the action that started in early November 2020 and the signals that I just read. Namaste.
Long
by AlanSantana
1
Decred Can Do 333% On The Next WaveSmaller Altcoins tend to grow bigger and faster than the large cap. ones. Here we have Decred (DCRUSDT) with multiple bullish signals. - Yesterday an inverted hammer was printed on high volume. Two signals in one. - Today, prices stand above the June low as well as EMA10. Two more bullish signals in one place. We are seeing a consolidation range before the breakout... So a bullish breakout is expected next. As I mentioned in the Cardano trade idea, very low risk with very high potential for rewards. The best posssible type of chart setup. Namaste.
Long
by AlanSantana
2