#DCR/USDT#DCR
The price is moving within a 1-day descending channel pattern, which is a retracement pattern
We have bounced from a green support area at 18.00
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price is 19.00
The first goal is 22.69
The second goal is 25.00
Third goal 27.88
Dcrbitcoin
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. 🌴💰
DCR Seems like a good trade? 🤔Hi traders. Today I want to share my analysis on DCR.
What do you think?
Please comment your ideas down below
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
DCR/BTC (Trading @ Key Support)DCR/BTC
-The price has gone down to previous support at 1358 range
-It fell lower but manages to get above at least
-Technically, this is not good for the Bulls
-But if this level will hold for the next 1-2 weeks
-There is a high chance to retest the downward trendline resistance
-Now, the safe way to enter this market
-Is to confirm the breakout of the pattern
-You can either Buy the Breakout or wait for trendline retest
-The risk will be lowered and your reward will remain Higher
Long-term Bearish Trend for DECREDHello, traders.
DECRED is on a very clear bearish trend on the long term view, we can bounce on this resistance line based on RSI, but the primal trend is bearish for DCR.
Long position only will be indicated above this resistance level after the price changes the primal trend.
Best regards.
🇺🇸 MURICA! Perfect Pattern. (DCR)😯 Decred has been setting up this massive bull pennant like a champ!
You can see that we are now at the top of major Resistance for a chance to pullback to the $10 support.
You could have one more chance for the buy in for a longterm trade prepped for the next bull run in crypto.
You will want to look for a turning point here on the edge with the Crossover candles strategy and the ema dots to search for the turning point. If it does turn around I see this playing out. Just as bitcoin is lately in a zone of potential reversal to the downside. Bottom should be sometime this year.
* this is a bullish pattern, but don't forget that patterns can fail. So stay cautious at the edge plays of support and Resistance just in case it were to perform a breakout.
Stay safe and best of luck! 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
X Mark The Spot! (DCR)Symbol: DCRUSD
Sector: Cryptocurrency
We are playing a massive bullish pattern.
The bullish falling wedge. These are my favorite formations to play for a breakout as the price will begin to squeeze price range compression point.
The current range is around $10-$15
If the market can get some more pullback I would like to get the order filled around $10 for a test off of support and rebound to breakout the top of the wedge for a long term bull cycle.
Don't get me wrong... $15 is a great long term price, but we might be able to get that $10 area one more time.
We will see how strong this pattern holds up, it does look very rewarding as this is a very low circulation coin.
Based off history I do not currently have the channel identified. This breakout will help identify a good lomg term take profit point.
Will The Wedge Hold Its Ground? (DCR)Cryptocurrency: Decred
Circulating supply: 11 million coins
Max supply: 21 million coins
Sort of like it's big brother bitcoin
90 million daily volume
146 million market cap
Current price: $12.81
All time high: $129.37
Squeeeeeeeezeeeeee itttttttttttt.
Is the wedgie done and ready to snap?
Btc pair shows a little bit more of downside to touch bottom again.
Could be a nice setup.
Good luck.
DCRBTC Has Completed The Bullish Setup For Upto 510% Big GainsOn 19 Aug 2019 I shared a post where I have explained that priceline of Decred Decred (DCR) / Bitcoin is moving within a very big pennant since June 2017.
Within the pennant the price action formed head & shoulder pattern and pushed the price action down to the support.
In Aug 2019 after hitting the support of the pennant and bollinger bands the MACD was turning turned weak bearish from strong bearish and RSI was in oversold.
The previous post:
Now we can see that the Bollinger bands is squeezed indicating that there is breakout or breakdown can be possible at any time and moving average convergence divergence (MACD) is weak bullish. And the pricline is still at the support.
The current situation:
A bullish harmonic move:
Now on this 2 week chart the priceline has formed a complete bullish BAT pattern the formation of this pattern was started with the candlstick that was opened and closed on 21st October 2019 and completed with the candlestick that was opened and closed on 11th November 2019. Then price action retraced between 0.382 to 0.50 Fibonacci and after getting retraced the price action projected between 0.382 to 0.886 Fibonacci projection of A to B leg after this Fibonacci projection from 16 December up till now the price action faced a strong bearish long-term trend and this strong bearish trend helped the price action to complete the last leg of this is BAT and the priceline of the DCR now has entered in the potential reversal zone of this bullish BAT pattern.
Buying and sell targets:
Now here I have defined two types of buying and sell targets.
1. Mid term
2. Long term
Midterm targets:
Midterm targets are as per bullish BAT pattern that has been formed at the support of big pennant. These targets are as per Fibonacci projection of A to D leg from 0.382 to 0.786 Fib level as below:
Buy between: 0.001823 to 0.001672 sats
Sell between: 0.002183 to 0.002728 sats
So as per these targets the Decred can produce upto 63% profit but if the price action manages to cross up 0.786 Fib projection then it can lead to hit the long term sell targets.
Long term targets:
Long term targets are as per big pennant on this 2 week chart and I have defined the sell targets using Fibonacci sequence from last highest upto the support of the pennant rather than from the tail up to the support for secure targets but the price action can even go higher than the targets I have defined.
Sell between: 0.00725349 to 0.01208048
As per these long term targets DCR can produce upto 510% huge profit.
Stop loss:
Here we can set the stop loss either the support of this pennant or the potential reversal zone of this bullish BAT pattern.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
DCRBTC hit the support of pennant | Upto 359% potential tradePriceline of Decred Decred (DCR) / Bitcoin cryptocurrency is moving withina pennant since June 2017.
Within the pennant the price action formed head & shoulder pattern and pushed the price action to the support.
Now after hitting the support of the pennant and bollinger bands the MACD is turning bullish and RSI entered in oversold zone.
The sell volume is also decreased and volume profile is showing less interest of cryptocurrency trading below the support.
I have defined the sell targets using Fibonacci sequence from last highest upto the support of the pennant rather than from the tail upto the support for secure targets but the price action can even go higher than the targets I have defined.
Sell between:
Sell between: 0.00725349 to 0.01208048
Regards,
Atif Akbar (moon333)
BTC-DCR Decred- Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2018 ( 1 / 10 )
Volume 24 H : 1500 BTC ( 5 / 10 )
Available Markets* ( 7 / 10 )
Social Media Rate ( 6 / 10 )
Ranks ** - 26 ( 8 / 10 )
Website ( 5 / 10 )
Type Enabling users to issue tokens on a secure and decentralized blockchain.
Overall ( 6 /10 )
The volume is not bad.
As long as Decred is above the trendline , you are safe .
The best place to buy at the trendline or around 0.0062.
If the Yellow line ( MA 50 ) above Blue line ( MA 100 ) , We confirm the bullish trend.
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points