Decred morning star on 6 month candlesDecred is one day away from solidifying a bullish morning star pattern on 6 month candles.
Dcr
dcrfrom my old chart, i missed entering around 14 but whatever, anyway, ill get in on dips, this should move up quite a bit
Decred | Back in the game?ℹ️Reasons to buy:
✅96% drop from ATH;
✅Fundamentally strong project;
✅Downtrend breakout
low time frame trading rangeDecred has managed to form a trading range which makes me much less bearish than before. As long as we can remain in this trading range there's a setup for an end-to-end to pop us back into the 0.0017's.
Falling wedge into trend reversalHere's an update on that falling wedge I posted earlier about. Looks like it head faked down and then reversed back up to confirm the breakout, sending us into a short term trend reversal.
$DCR $DCRBTC #decred
Falling wedge to inverse H&S in playDecred has had a drawn out retracement almost back to the starting line. It's currently forming a descending wedge which could be set up for a reversal. The setup would be a breakout of the falling wedge forming the right shoulder of an inverse H&S setup which would propel us back to retest local highs.
DCR/USD monthly MACD flipped greenMonthly DCR/USD MACD just flipped green for the first time ever. If it can hold onto this until the monthly close sets it in stone, it would be a strong signal of the beginning of a sustained trend change.
Macro Inverted H&SDecred has been ripped back and forth for the past year. If we zoom out we can see evidence of a macro inverse H&S forming on the daily though. The shoulder line looks clean and the volume is trending steadily downward after the head has formed. With all of the bullish news right around the corner (Decentralized treasury, atomic swap DEX, DCR Lightning Network, privacy built straight into Decrediton) this would be a perfect setup to complete right right shoulder and signal a macro reversal.
Wyckoff AccumulationI've revised my previous wyckoff analysis on Decred. It's looking like a hybrid of the two popular schematics.
DCR Decred 4H Channel - DCRBTC DCRUSDT DCRUSD DCR BITCOIN dcrbnbDCR Decred 4H Channel - DCRBTC DCRUSDT DCRUSD DCR BITCOIN dcrbnb
💡Don't miss the great buy opportunity in BCRBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00097855). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BCRBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 0.00124570
TP2= @ 0.00150650
TP3= @ 0.00194885
TP4= @ 0.00241290
TP5= @ 0.00298545
SL= Break below S2
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💡Don't miss the great buy opportunity in BCRBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00097855). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BCRBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 0.00124570
TP2= @ 0.00150650
TP3= @ 0.00194885
TP4= @ 0.00241290
TP5= @ 0.00298545
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Decred Shakeout Complete, Can Now Grow Without ResistanceWe have a strong signal for DCRBTC (Decred), a full shakeout has taken place... Let's look at it closer:
Notice the long lower wick/shadow on yesterday's candle.
Prices went all the way down to 0.00000750 hitting a new low to fully recover and close above EMA10.
We are now seeing a challenge of EMA50.
This is setting up DCRBTC for a long period of sustained growth.
Namaste.
Setup for inverse head & shoulderDecred had a healthy correction have a nice pump. There's a potential inverse head & shoulder setup if you still want to get in.
DCRBTC strong buyin recent days DCRBTC has increased about 30%, one of the main reasons was definitely the hammer candle at the bottom of the downward trend. as you can see three white soldiers pattern has been shaped. this means we might see 10-25% increase in short period.
Decred (DCR) Confirmed 164% (Full Trade Inside)Here Decred (DCRBTC) is already moving above the down trendline/falling wedge... The next target is set at 68% followed y 164%.
We have a trade idea with the full numbers listed below:
In case you would like to see this pair in more detail.
We have a volume breakout and prices yet to move above EMA10... This is only getting started.
This is an easy one.
Make sure to have a well thought out plan ready before buying into any pair or doing any trading.
The best way to be successful is to prepare ahead of time.
If in doubt, don't trade.
If you make a mistake, either take the loss and move on or wait patiently until the markets change and prices resume up.
Patience is key.
Any questions... ???
Feel free to share it in the comments section below.
Namaste.
Some more long term analysisDecred forming a bullish kumo twist on the weekly. Perfect opportunity to complete the right shoulder.
DCR/USD consolidationDecred is consolidating after several strong wicks on 4hr candles and trying to break above the ichimoku cloud which would initiate a nice trend reversal. Price target for the symmetrical triangle forming is ~$16 and maybe further if we can sustain it and form some bullish ichimoku clouds.
Missed the pump?If you missed the pump from the last day there's a good opportunity coming up. In bullish trends the Kijun (red line - slower moving average) gets periodically tested after a big move. ~$12.30 is both 1 hour candle Kijun support as well as 50% fib retracement support. Both are bullish retests that occur during uptrends and great opportunities to get in if you missed the initial movement.
DCRBTC analysisI am neutral. Sell2 and sell1 signal show we must not buy. However, the chart is hitting support/ATL position and is below the McGinley dynamic line. We must only buy when we get a buy2 + buy1 signal. If we get buy signals while the chart is below the McGinley dynamic line, we can feel very confident about our long position.
