DCRUSD
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.
DCRUSD, price moved above its 50-day Moving Average on Nov 01This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 66 similar cases, and 48 were successful. Based on this data, the odds of success are 73%. Current price $11.80 crossed the resistance line at $11.80 and is trading between $11.80 resistance and $11.79 resistance lines. Throughout the month of 10/10/20 - 11/01/20, the price experienced a -0.28% Downtrend, while the week of 10/27/20 - 11/01/20 shows a +2% Uptrend.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 53 of 83 cases where DCR.X's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 64%.
The Moving Average Convergence Divergence (MACD) for DCR.X just turned positive on November 01, 2020. Looking at past instances where DCR.X's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 42 of 64 cases over the following month. The odds of a continued upward trend are 66%.
DCR.X moved above its 50-day Moving Average on November 01, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for DCR.X crossed bullishly above the 50-day moving average on October 30, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 13 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 76%.
Following a +3.38% 3-day Advance, the price is estimated to grow further. Considering data from situations where DCR.X advanced for three days, in 236 of 353 cases, the price rose further within the following month. The odds of a continued upward trend are 67%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 158 of 231 cases where DCR.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 68%.
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.
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.
DCR/BTC (Weekly Strong Bullish RSI?)DCR/BTC
-this coin is on a strong downtrend since 2018
-but right now, the selling pressure has started decreasing
-we can see a clear bullish RSI divergence
-a resistance trendline keeps respecting
-a safe way to approach this market is to enter on breakout/retest
-you can buy once the trendline is broken
-provided the break is with good volume
-the upside potential is up to 2900 sat
-stoploss is placed under recent higher low support