Dcr
Decred Time For CorrectionFollowing the previous idea on Decred , it has reached the upside target at $117 and as expected tripled in value. But now as the resistance is being rejected DCR/USD could start a consolidation period or even start a strong correction down.
The $117 level should be watched closely, while it is being respected by the market, the downside pressure will remain very high and Decred could correct down towards one of the Fibonacci retracement levels.
Therefore, at this point, buying Decred could prove to be extremely risky, unless the resistance is broken. Wait and see approach could be the most appropriate.
DCR/BTC IDEAThis coin has been experiencing a healthy rise in popularity due to its solid developing team, hybrid PoW and PoS mining, among other factors, and its showing strong resistance to downfalls unlike other cryptos. Keep in mind this is a coin I intend on investing long term, and am currently looking for good entry points to maximize profits in the future.
So what do we see from this chart:
Price is flerting with the downtrend line, and I belive a correction in price is due for some time now. DMI- and DMI+ crossover, MACD crossover and RSI fall gives us a bearish sign for the momment. But again, this is a solid coin that has been resistant and showing great healthy improvement for the past months, so I wouldn't expect a very sharp fall in price.
We can use the following indicators to try and predict where it can drop to. SMA 100 and Fibo 0.50 form a solid support zone right under the downtrend line, and if price actually breaks that line, this could be a target and a very good entry point. Personaly, i'll be watching this coin closely, and if the afore mentioned happens, i'll get in big and hold for the long run.
Share your thoughts and ideas please, and feel free to correct me.
Daniel
Decred bouncing off pitchfork lines #dcr
Speed resistance lines show decred keeping consistent. Strength building since it broke through previous resistance. I am looking for a retest of previous resistance now the support line and will put a buy order in on successful retest.
How to trade DCRI clearly see fib 0.618(0.00859061) as a first target. If price breaks channel upwards we could expect next fib floor. On the other hand, if price breaks channel downwards we need consider selling.
Stop loss 0.00565 needs to be tightened as the time flows.
DCRBTC needs to break resistanceDCR has been projected to grow in 2018
This is a 4h chart.
Buy zone - (should be confirmed if the resistance level is broken)
Target 1 - 905191
DCR going upIt's testing the triangule support right now and if it handles, probably will bring a lot of profit
DCRDCR ascending triangle.
Alts keep surprising me, they're so bullish right now.. similar one @ FLDC
This is a great project.
$DCR seems like finished 2nd wave and starts to the 3rd.In the long term, it looks like it finished the 2nd wave and has already started to perform the 3rd with upward breakout. The target will be the white box.
DCR Another tour in Bullish trendDCR
from the summit to low, are gained profit from DCR about 145 % until this moment and still active, but when DCR Start real bullish movement?
This is answer simple and clear, just close 0.00725947 u can say yes uptrend confirm.
what about now?
you full free to buy it just follow capital management we have an open trade from 0.0033 and this signal number 3 for DCR.
Targets.
(1) 0.00725947
(2) 0.01028257
(3) 0.01622260
Stop limit
0.00285735
Tax for lazy
-you join late with risk about 40% if you follow us from the beginning u are in safe point signal number 3 active from 0.033
-Risk/Reward for lazy traders
40 % / 230%
-Risk/ Reward for active traders
14% / 385%
be active and keep your eye on updates.
Tip of the Day.
Do not take your decision and you are angry, anger may destroy everything.
Capital management is recommended.
we ask Allah reconcile and repay.
previous analysis
Autonomous Digital Currency is ready for 300% upsideAbout the coin:
The team claim it as Autonomous Digital currency with
An innovative hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system.
A censorship-resistant blockchain-anchored public proposal platform.
Smart contracts that work such as Lightning Network.
Cross-chain atomic swaps between different digital currencies.
Cross-platform wallets for ease of use.
The Top 5 Reasons to become a Decred Stakeholder:
1) Reward to govern.
2) Consensus voting
3) Approve proposals for funding
4) Help secure the network against contentious hard forks
5) HODL
More information here: medium.com
Interview with Decred Project Lead: www.youtube.com
Website : www.decred.org
Well, can we make money with the above? Yes why not, lets take a look at what chart says.
I see a breakout to happen (remember, we are the one who predicted Doge, QTUM and much more to skyrocket)
The breakout provides an opportunity for 300% solid.
what about other indicators say?
Well, In Price action strategy, we hardly use other indicators. Chart Patterns, SR, RSI and MACD for more support.
The price should break the triangle to gather momentum. I would recommend to buy now and add more till the breakout.
You may not get it cheaper once the triangle is broken (Remember, 4x gain from ADA in 20 days. Another opportunity here)
Targets :
10000 (0.010 )
18000 (0.018)
Entry :
Now: 4970
DCR is in an uptrend!DCR is in an uptrend. BITTREX:DCRUSD
Cryptocurrency is in an uptrend.
Breakout is likely to the upside.
DCR confirms possibility of long term uptrendMy simple DCR/BTC TA without voodoo. Previous resistance down trendline became support. Chance for a long term uptrend. I use BTC/DCR instead of USD/DCR like most because that's where the majority of volume is generated. This is the only kind of TA that makes sense IMO (go back to the basics, as Jason Stapleton teaches).
DCRUSDDCR has quietly Tagged along with bitcoins parabolic gains After a bullish consolidation period of higher highs and lower lows this bull run lays the path for a clear route upwards chasing up the market capitalization list in my personal opinion providing the following factors are met:
The Pre sale of ASIC Mining rigs to pre order customers do not require a re spin prior to dispatch & Provide to be profitable during the pre mine period
Lightning network support will be progressed in Q1 To provide Means of use for newcomers to cryptocurrency
As a Project DCR Has a good ethos surrounding consensus being given to community users not mining corporations. Also Their interaction with the community is positive and consistent which is Good to follow if you believe in the project. lets hope to see more vendors and exchanges accepting DCR in 2018 and the Bulls favour the Bears In this USD pair. Going Long on this one and buying the Dips, Keeping an eye on the weekly RSI.
Happy Hodling
DCRUSD $72+? Elliot Wave AnalysisMy thesis on why DCR will hit $72 and is in an excellent spot to enter currently:
-Trading at the bottom of the support of the wave 4 triangle
-5 ABC patterns already completed (drawn on 15m candles)
-Still well above the cloud on 2h and 1d timeframes, currently at near the bottom of the support of the cloud on 1h making it an excellent entry
-Conversion-line still above base-line on 2h and 1d candles
-Cloud green on 1h, 2h, and 1d candles
-Substantial P/L ratio, even with minimum PT of 1.618 extensions of W1-2. If it reaches the stop loss, then the trade is complete void, and the waves invalidated. In other words, a 5:1+ P/L ratio for the worst good scenario and the worst, worst case scenario.
-This Elliot wave analysis comes after a breakout of a considerable consolidation phase showing that it isn't just a fluke
Please leave any feedback in the comments below. I have been unable to respond to comments recently, so if you have a question feel free to PM me. I am trying some new changes to my strategy in hopes of better success.
Decred Closer to a BreakoutI think Decred is inching closer towards breaking out of the symmetrical triangle pattern that it's in. My guess is we break out before the end of 2017 and begin a rally towards a much higher price base.
