DCRUSD
#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
#DCRUSDT#DCR
The price achieved approximately 35% rise since breaking the downtrend and the price reached $16
It is the main resistance price at Moving Average 100
This rise occurs after breaking the downtrend, which is the upper border of the descending triangle
It is supported by my selling saturation on the MACD
First goal 16
Second goal 21.78
Third goal 24.86
Decred: Get Up!Decred should be done relaxing on the yellow beach strip between $35.04 and $6.98 – or rather on the support at $19.87. As the altcoin has already finished wave (2) in yellow, we expect it to get up and hop above the resistance at $84.82. Once there, Decred should gain enough upwards momentum to make it above the next mark at $191.48 as well. However, there is a 45% chance that the altcoin could drop below the support at $19.87 instead and develop a new low in the course of wave alt.(2) in yellow.
Decred DCR Bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Decred DCR has a negative overall sentiment recently.
I have the following price targets:
DCR/USDT short
Entry Range: $29 - 31
Price Target 1: $24
Price Target 2: $19
Price Target 3: $18
Stop Loss: $35
DCRUSD held the 1D MA50. Path to the 2022 Resistance Zone.Decred (DCRUSD) is staging a short-term rise after holding the 1D MA50 (blue trend-line) as a Support since the August 19 pull-back. The 1D MA200 (orange trend-line) is the first Resistance but this has already been broken on the August 05 spike, which was though rejected near the 1W MA50 (red trend-line).
Those are basically the next pivot levels with the ultimate test being the 75.6500 - 86.4000 Resistance Zone, which has been holding for the majority of 2022.
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DCR UP 200% after bullish signal 🚀🚀🚀 Now retrace?DCR pumped 200% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background).
DCR broke out of the bullish Zone of the Ichimoku Cloud, which is bullish. The RSI is in the overbought zone at 87. RSI Brown at 108. If we take a look at the Average Directional Index ( ADX DI) its starting to be bearish , as it is pointing downwards. Currently DCR is way above its upper Bollinger Band , Band Basis 20 Period SMA . A retrace back within the Bollinger Band is more likely forming Leg B. The risk to reward right now to enter this trade is bad.
Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
Decred is on the way to 1000$ in 2021?I see many fundamental changes on the network implementing new 1.6.0 version and new features. Decred is stronger than ever! It looks like big bullish flag on weekly chart is playing out. I see that the 3rd or potentially super 5th way would lead the price to ATH and price will be around 1000$ to the EOY 2021. Press like comment and subscribe!
Decred (DCR) formed a bullish Gartley for upto 1800% pumpHi dear friends, hope you are well and welcome to the new trade setup of Decred (DCR) coin.
Previously we had a nice harmonic trade on a short- time frame:
Now on a monthly time frame, DCR has formed a big bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Decred long term target ~$1000Hello Traders,
Decred has huge upside potential in the long run because of institutional interest.
ARK invest, and Grayscale already showed their interest. I think it can potentially reach a $21B market cap until Sep 2022.
Please hit the like button if you agree and comment your thoughts.
Thanks.
DCR bullish continuation patternHello Traders,
Decred pumped with good buying volume in the last few days, and as you see on the chart, the symmetrical triangle pattern is visible on LTF. IMO, it will keep up the bullish momentum in the next few days.
Please hit the like button if you agree and comment your thoughts.
Thanks.
DCR giant falling wedgeAs we can see, the bearish chart patterns turned out to be effective on DCR Decred.
But the best is yet to come. DCR is forming a giant falling wedge and now has found a strong support.
Until the next bull cycle, i think it can play inside this chart pattern heading to the $80.70 resistance for now.
Looking forward to read your opinion about it.