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.
DCRUSD
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.
Decred Price Analysis: Breakout AttemptDecred buyers are attempting to rally price above the psychological $20.00 resistance level, following a strong reversal from the $17.50 level earlier this week.
The DCR/USD pair has rallied by over 30 percent from its November price low and is currently trading around 10 percent above its December price low.
Technical analysis shows that the DCR/USD pair is trapped within a large triangle pattern on the daily time frame. A break above the top of the triangle pattern, around the $20.00 level, could provoke a strong upside move.
If a bullish technical breakout takes place, the $24.00 level appears to be the likely target. The DCR/USD pair’s 200-day moving average is converging with the neckline of a head and shoulders pattern around this area.
The four-hour time frame shows that a bearish rising wedge pattern has formed. A break under the wedge could force the DCR/USD pair back towards the November monthly low.
The DCR/USD pair is also creating bullish higher lows and moving against the broader cryptocurrency market, which is indeed a positive development.
The Relative Strength Index on the daily time frame is bullish, while the MACD indicator is close to issuing a buy signal.
According to the latest sentiment data from The TIE, the short-term sentiment towards Decred is neutral at 47 percent, while the overall long-term sentiment towards the cryptocurrency is bearish at 36 percent.
DCR/USD Daily Chart by TradingView
Upside Potential
The four-hour time frame shows that key technical resistance is now located at the $20.00 and $24.00 levels.
Key technical resistance over the medium-term is located at the $29.00 and $35.00 levels.
Downside Potential
The four-hour time frame is showing that the DCR/USD pair has strong medium-term technical support around the $17.50 and $15.00 levels.
Critical long-term technical support for Decred is located at the $12.00 support level.
Summary
Decred is moving against the broader market downtrend and attempting to force a short-term breakout above the $20.00 level.
The DCR/USD pair could rally towards the $24.00 resistance level if a bullish breakout takes place.
There is a trading opportunity to buy in DCRUSDTechnical analysis:
. DECRED/USDollar 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 65.
.The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (18.25000000 to 12.25000000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (18.25000000)
Ending of entry zone (12.25000000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 25.00000000
TP2= @ 32.00000000
TP3= @ 40.00000000
TP4= @ 57.25000000
TP5= @ 71.20000000
TP6= @ 85.00000000
TP7= @ 104.85000000
TP8= @ 130.00000000
TP9= Free
There is a trading opportunity to buy in DCRUSDTechnical analysis:
. DECRED/USDollar 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 65.
.The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (18.25000000 to 12.25000000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (18.25000000)
Ending of entry zone (12.25000000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 25.00000000
TP2= @ 32.00000000
TP3= @ 40.00000000
TP4= @ 57.25000000
TP5= @ 71.20000000
TP6= @ 85.00000000
TP7= @ 104.85000000
TP8= @ 130.00000000
TP9= Free
DECRED - Massive Bullish Continuation Pennant - 20%+ GainsDecred has a very bullish set up here. DCR has a beautiful continuation pattern forming that I'll be looking to break to the upside. I think we have a good opportunity to nab 20%+ on a breakout with the possibility of hitting the .0032 area.
Decred [DCR] - Buy PullbackDCRUSDT has had a significant bullish change in character whereby demand was found in Hammer and Piercing Pattern formations on 31D and 1M charts, respectively. Price has expectedly met with supply at Phi EMA 144 and a pullback will ensue. Ideal re-entry will be between SMMA 6 & EMA 30 ($15.50-$16.50). Buy only on bullish candlestick reversal signals with volume to support higher prices. We're looking for Hammers, Bullish Engulfing Patterns, and Morning Stars. Volume is the key factor which will illustrate the drive to break out of EMA 144 and push into the next Phi EMA 305 target ($20.00). Heikin Ashi well illustrates the bullish change in character and the zone between SMMA 6 & EMA 30 represent the sweet spot for long entries. Beware that a failure of these EMAs to hold as support will invalidate this bullish analysis.
Entry: 15.50-16.50
SL: $14.50
TP1: $20
TP2: $23
RR: 2.67/4.67
Decred Price Analysis DCR / USD: Bright FutureFundamental Analysis
Decred has gained bullish momentum after Coinbase announced that it is considering to add Decred and other 7 tokens to its platform. If listed on Coinbase, the project can get additional liquidity which will attract more investors and users to its network.
Decred / USD Short-term price analysis
Decred has a bearish short-term outlook, with the cryptocurrency advancing above key technical resistance on the four-hour time frame.
The four-hour time frame shows that DCR / USD bulls are working hard to invalidate a large head and shoulders pattern that has been in play since May this year.
Technical indicators are bullish across the four-hour time frame and continue to issue a buy signal.
Pattern Watch
Traders should note that a complex head and shoulders pattern will start to form on the four-hour time frame if DCR / USD bulls fail to invalidate the bearish pattern.
Relative Strength Index
The Relative Strength Index is bullish on the four-hour time frame, although it is approaching overbought territory.
MACD Indicator
The MACD indicator has turned bullish on the four-hour time frame and is now issuing a strong buy signal.
Decred / USD Medium-term price analysis
Decred has a bullish medium-term outlook, with the cryptocurrency bouncing sharply from its trend defining 200-period moving average.
The daily time frame shows that an extremely large inverted head and shoulders pattern will start to form if DCR / USD bulls move price above the current 2019 trading high.
Technical indicators are bullish on the four-hour time frame and continue to issue buy signals.
DCR / USD Daily Chart by TradingView
Pattern Watch
It is worth noting that a bearish head and shoulders pattern is also present across the daily time frame.
Relative Strength Index
The RSI indicator has turned bullish on the daily time frame and continues to issue a buy signal.
MACD Indicator
The MACD indicator is bullish on the daily time frame and continues to issue a buy signal.
Conclusion
Decred could post substantial upside gains if bulls can continue to advance the cryptocurrency and invalidate the bearish pattern on the four-hour time frame.
The daily time frame shows that a huge inverted head and shoulders pattern could start to form if the DCR / USD pair lifts above the best levels of the year so far.
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
$DCRDCR could be ready to start a run. Alt moves may be selective and this is one that looks to have bottomed
DCR DecredBTC IS Ready For Breakout Above Aprils High 50% PPBINANCE:DCRBTC Is showing strong momentum and Increased
RSI
Buying Volume
DCR is ready to breakout with 50% Profit Potential from Now the green candle pattern has already formed and we already have broken April's low now its time to watch the show for Bull run.
About the Chart
I have highlighted 3 Targets using 3 different color of lines and giving 2 of them names like A and B whilst i have also highlighted the possible drop-zone in case of not being able to find desired support .The resistance is marked with black 2 faced arrow.
we still need some more volume to hit 5700
I hope you liked this chart.
i will keep you guys updated .
Never forget to use stop loss.
Sometimes you earn the other times you learn.
Never put all your Money in one bag .
happy trading
$DCR 26$ resistance seems to too strong for now.... $DCR 26$ resistance seems to too strong for now....
RSI coming out from overbought levels.
Volume decreasing.
Stoch showing bearish div on the daily
If rejection get confirmed, a retest of 21$ level or EMA50/100 seems possible (and good entry).
#DCR
Smooth BUY and SELL on DCR / 1 indicatorBuy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot -6.68% -7.44% -7.44% appears you buy, if a green dot -6.68% -7.44% -7.44% appears after that green dot -6.68% -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
DCR Next Move 150% !!For Long Term Holder Very Good Opportunity DCR .
Buy 0.005600
Sell 0.013000
Let See , What Will be Next Move.
Share Your Opinion in Comments.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
There is a trading opportunity to buy in DCRUSDTechnical analysis:
. DECRED/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (39.00 to 31.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (39.00)
Ending of entry zone (31.00)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 54.58
TP2= @ 58.52
TP3= @ 72.15
TP4= @ 83.18
TP5= @ 94.32
TP6= @ 110.07
TP7= @ 130.05
TP8= Free