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DCRBTC

$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
DCRBTC Decred / Bitcoin cyclesI made a chart for my own reference studying the sine-wave patterns of Decred / Bitcoin. There are 3 different sine waves with different frequencies and impact which I found in the chart. The larger sine waves seem to have more impact and smaller ones less so. The sine waves do not tell us what price Decred will go to either up or down. So there is no correlation between where I put the top or bottom of these waves and the Decred price. Just that when I make the sine waves smaller, it reminds me it has a smaller impact and larger, it has a larger impact. The sine waves show shorter term, medium term and longer term historical trends and where they may go in the future. This can be helpful to me for buy and sell possible places. The red and green backgrounds line up with the dark blue sine wave, also a reminder for visual effect. Not a recommendation to buy or sell but I am happy to hear your thoughts/ideas. Thanks.
Long
by cedarfox
Decred Is Trying To RecoverDecred (DCRBTC) hit a low on the 13-Dec. Ever since, it has been fighting to go up, trying to recover. When we compare the low set on 13-Dec. 2021 to November/October 2020, we have a strong and clear higher low. We've seen some rejections as prices try to move up, right below the gray EMA200 line. But, currently, prices are trading above EMA50 and the pressure is upward. As long as prices remain above the 13-Dec. low, we are bullish and following the small green arrow. If this support is broken we will need additional correction, plus consolidation before the next bullish move can take place. We are already seeing some Altcoins moving. We have a recent higher low (10Jan. vs 13Dec.) We also have bullish indicators. The potential is there for a change of trend. If you decide to trade, remember to plan ahead and use a stop-loss. Namaste.
Long
by AlanSantana
1