Duck Creek (NASDAQ: $DCT) Looking Quite Lucrative Here! 🦆Duck Creek Technologies, Inc. provides software-as-a-service core systems to the property and casualty insurance industry in the United States and internationally. The company provides Duck Creek Policy, a solution that enables insurers to develop and launch new insurance products and manage various aspects of policy administration ranging from product definition to quoting, binding, and servicing; Duck Creek Billing that provides payment and invoicing capabilities, such as billing and collections, commission processing, disbursement management, and general ledger capabilities for insurance lines and bill types; and Duck Creek Claims that supports entire claims lifecycle from first notice of loss through investigation, payments, negotiations, reporting, and closure. It also offers Duck Creek Rating that allows carriers to develop new rates and models and deliver quotes in real-time based on the complex rating algorithms; Duck Creek Insights, an insurance analytics solution that allows carriers to gather and analyze data from internal and external sources and facilitate analysis and reporting on a single system; Duck Creek Digital Engagement that offer digital interactions between property and casualty insurers and their agents, brokers, and policyholders; and Duck Creek Distribution Management that automates sales channel activities for agents and brokers, including producer onboarding, compliance, and compensation management. In addition, the company provides Duck Creek Reinsurance Management that automates financial and administrative functions; and Duck Creek Industry Content that provides pre-built content, including base business rules, product designs, rating algorithms, data capture screens, and workflows for insurance lines of business, such as commercial auto, inland marine, and workers compensation. It serves insurance carriers. Duck Creek Technologies, Inc. was founded in 2016 and is headquartered in Boston, Massachusetts.
DCT
DCT Launching?NASDAQ:DCT looks like it is ready to launch into a breakout. MACD just turned positive with a very bullish bar on Friday. Both the 20 and 50 EMAs are accelerating upwards together and Friday gave us the highest closing bar in months.
BTC - Bitcoin today from the bear point of viewDCT-Trading
Today I would like to show a bearish possibility of the further BTC course. In my opinion, one should also consider a contrarian alternative at any time, especially with steadily rising prices.
Here I show a bear pennant (Rising Wedge) which appears valid, except for a FakeOut of the upper channel boundary.
The breakout below the lower channel boundary and the SMA50 are to be considered bearish at least in the short term as these could now serve as potential resistances, also the volume was increased on this occasion.
Hint:
Currently, the uptrend remains intact, this bear pennant represents a potential reversal formation.
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This is not financial advice and or buy or sell recommendation.
The chart and its content as well as the associated text reflect only my private views and opinions.
Feel free to like or follow me if you like :)
Best regards and good luck
Education - How does a bubble develop and what are the signs?Preface:
This learning content or information is merely my experience, or are those techniques that I use or find useful.
The beauty of technical analysis is that an analysis or forecast can be made using many different approaches.
These differ in effort, approach, tools and technical approaches.
However, I think one thing is important:
Keep the chart as simple as possible, try to see what is obvious and work with as few tools as possible but as many as necessary.
If you base your analysis on what seems obvious, it is likely that many other traders will also see it. This in turn would support a movement in the predicted direction.
= Self-fulfilling prophecy
-> Examples: Moving averages, Fibonacci retracements, Simple formations etc....
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Remark:
This is supposed to be a small help to identify signs of a bubble formation, I must absolutely note that a lot of experience and knowledge is necessary here, which I can not convey in a hurry, as this would definitely go beyond the scope.
Just try to analyze the BTC rise of 2017 with the help of these signs, or even the current rise.
What is a bubble ?
A bubble is usually easy to recognize in retrospect, a lot of green long candles, few red candles, until usually a high point. Then lots of big and long red candles and few green :)
But how do I recognize a bubble while it is forming?
Important:
Please read through the wave age tutorial I wrote beforehand, this understanding is needed to continue here.
If a trend does not consolidate sufficiently, but on the contrary shows shorter and shorter consolidations, rises faster and faster and ideally is still fueled by media interest, then these are the first signs of a bubble. (See bar in the chart)
Within a trend, the price must consolidate sufficiently after a rise (to go into this in more detail would go beyond the scope).
If now the trend in the period under review over the zenith, so after eg 6 waves, a new high and then further waves, with steeper and steeper price increases, so a bubble is to be assumed.
The price MUST consolidate sufficiently to be sustainable.
In the weekly, we can see that the price is moving further and further away from the standard SMAs (20,50,200) until it reaches an unnatural distance, which also indicates that the market may be in a bubble.
As soon as such signs appear, it is important to set very tight stops, as it can come to an abrupt end.
Summary:
-Ever steeper rises
-Ever shorter consolidations
-Distance to SMAs is becoming uncharacteristic of the market
Bonus: Media coverage of the asset
Annotation:
Since the weekly chart is shown here, it is not possible to see how the price reversal occurred. A SKS formed in the H4 , this was the beginning of the end of the steep rise.
Also today, we have the same signs as 2017, to note was the very strong and violent reaction , this does not mean that the course will now immediately sink it can go before still on 60.000 , 70.000 or even more high, from my point of view, the current consolidations were not sufficient, I have this in mind when placing a stop
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If I like this kind of tutorial, so leave me a like there and follow me. If there is enough interest I will post more tutorials like this in the future
Best regards and good luck
DCT Trading
Education - What are divergences and how do I use them?
What are divergences and how do I use them in trading?
A divergence usually shows the trader that the price is moving in the opposite direction to the indicator (or vice versa).
To find a possible divergence in the price you can use various indicators (MACD, Stochastic, Momentum, etc.)
I will limit myself to the Momentum indicator, because I use it myself in my trading.
What does a divergence say?
As already mentioned, the indicator shows me a contrary movement to the price, related to the momentum indicator this means for example:
The price rises and forms a new high, but the momentum indicator forms a lower high in the indicator itself compared to the previous PRICE HIGH
How do I use a divergence?
A divergence can be used in many ways if you know what to do with the information gained. In my opinion, this also depends on the chosen indicator, at least in terms of the information value I get from the divergence.
If one is able to identify a divergence correctly, one receives a kind of "warning", in my opinion a divergence by itself does not represent an action signal, but it warns me that in the case of the momentum indicator it comes to a trend slowdown although the price continues to rise.
What is to be paid attention to here?
-> As mentioned, a divergence by itself is in my opinion NOT a TREND SIGNAL, but a warning or information around which I can now supplement or adjust my trading.
-> Very important, there are two ways that one "bends" the divergence to right once the setting of the indicator is crucial, since each trader uses other settings, it is important not to change these in search of a divergence so that one is formed.
->Furthermore, it is important to consider the time unit under consideration, a divergence occurring in H1 is much less meaningful than one in D1.
Summary:
Divergences are a possibility to add important information to one's trading at an early stage in order to forecast possible price changes that have not yet occurred.
They do not represent action signals on their own.
DECENT Prints Bull Run Size Volume Bar (What Next?) 14,400%+ PPDECENT (DCTBTC) just printed the biggest volume bar ever on the daily timeframe and the highest volume on the weekly since the 2017 bull market bull run... What will happen next?
Below you can find the weekly chart for DCTBTC:
Here we can notice that prices went flat while trading at All-Time Lows and now, after moving above EMA10, lots of buying printing a big volume bar and prices starting to gain momentum up.
The weekly/long-term chart can give you a better perspective and tells us that this is only the beginning... Once you hit bottom, the only place left to go is UP!
(I added fib. targets for those experienced reading charts).
Namaste.
$DCT $DCT is giving us plenty of reasons to buy it at this level. Currently breaking out from a long term trend resistance, price action getting closer and closer to 12 EMA and a neat bullish divergence. I wouldn't be surprised if it goes 2X next few days. This is a solid project in the attention economy use case, among the few I watch closely. Goodluck Amigos!
DCTBTC Decision timeDCT forming possible long-term symmetrical triangle with perfect three touches on resistance and two touches on diagonal support so far.
0.786 fib level did not hold and price is currently near the weekly horizontal support 1 and diagonal support at ~6000.
Bounce from support in few days (red arrow) would confirm the triangle and price might go to resistance line 0.236 fib at ~9400, 50% profit.
In case this significant support will be invalidated (RSI not fully oversold, below EMA`s) this could send price to weekly support 2 or in the worst scenario to full retrace level support 3 (probably depends on BTCUSD action).
Interesting to watch in next few days.
For educational purposes only! Would welcome your feedback and comments. Thanks
Decent Corrective Wave UpDecent has formed the low at $0.285 where it has rejected the 3/1 Gann Fan trendline. Price has almost reached, but not touched, the 161.8% Fibs applied to the last corrective wave up.
Possibly DCT/USD is getting ready for a correctional move upwards, but yet, it could still go back down to $0.28 to form a double bottom and test the 161.8% Fibs at $0.282. As long as price stays above $0.28 correction upwards has high probability and could send price up to $0.43 area, that is confirmed by the 50% Fibonacci retracement level and 8/1 Gann Fan.
This is a key resistance area, that should give information whether Decent is only correcting or reversing to the upside. Break above that level should result in a much stronger growth, while rejection might result in a downtrend continuation.
DECENT BUYING OPPORTUNITYDecent was on a downward trend since May after the bitcoin short term crisis. It is showing some progress on the 4 hour chart. The 1D chart is already in a falling wedge but needs to breakout the resistance line and need to close above. Its on its lowest point and doesn't look like that it is going to go down anymore. RSI seems in its lowest too but a reversal is expected. Besides that MACD may create a downward cross. A buy opportunity is shown if it closes above the resistance around 4600 sats - 5000 sats. But do consider to invest in small amount partially.
Buy Zone : 4600sats -4900 sats
Investment Duration : Mid/Long
Possible Targets
Target 1 : 6690 sats
Target 2 : 8011 sats
Target 3 : 9078 sats
Target 4 : 10145 sats
Target 5 : 11665 sats
Target 6 : 13600 sats
Stop Loss : 3918 sats
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
DCT - DECENT falling wedgeDecent showing a falling wedge formation + potential MACD cross.
(This is not financial advice, this is a volatile market where anything can happen)
DCT/BTC perfect time to buy! 6:43AM ESTThe RSI and Stochastic on DCT/BCT are oversold and it's the perfect time to buy. Its true there is low volume but the base is broken and there is room to pump now. The pumps will be nice. This will grow smoothly.
Buy DCT under 8100
Target:
1, 8350
2, 8450
3, 8600
DECENT vs. Bitcoin [DCTBTC]Hello again!
Mid term signal, with good potential profits!
Price approaching to break resistance line of Reversal pattern - Falling Wedge, this is bullish reversal.
Targets for trade:
0.00008600
0.00009700
0.00011000
0.00013000
Decent VS Bitcoin - Ascending Channel PatternDecent found the bottom at 3200 satoshi where it formed a double bottom. Price then rallied upwards testing 24k satoshi, resulting in a 640% growth in just under two weeks.
The following corrective wave down brought price down to 11k satoshi where it found the support. There DCT/BTC rejected the ascending channel and the 200 Moving Average. It appears that from this point onwards price could continue moving higher. The first resistance is sen at 61.8% Fibonacci retracement level applied through the previous high, the second resistance is 261.8% Fibonacci retracement applied to the last corrective wave down. This makes the area between 37k and 39k satoshi makes it a key resistance area as it also corresponds to the upper trendline of the ascending channel.
Recent DECENT trend reversal followed by bullish signalsI've been clicking through all tokens traded on Bittrex today and would like to bring your attention to one coin in particular which hasn't been analyzed on
tradingview in recent times. I am talking about DCT/DECENT.
Fundamentals: Shit.
That being taken care of, let's look at the daily chart against BTC:
When the price bounced off the lower Bollinger Band two days ago an inverted hammer formed which was then confirmed by two bullish candles. Next stop EMA20.
We pierced through the Ichimoku cloud on Jesus' birthday which hadn't happened in months and was followed by a two week long upwards rally to 250%. Ever
since then we have been holding steadily above the cloud. It may give us support around 11k satoshi, which is confirmed by both the xmas correction and
January low.
As of today, the Ichimoku cloud magically changed colors. We are heading into the right direction. Another slightly bullish signal is our move past the
conversion line, which also took place today.
While the MACD is still in the negative, it is clearly losing momentum, hinting at a bullish crossover in the next couple of days.
We need to watch out for that MACD, since it's last bullish interval of 22 days gave DCT gains of over 500% (4004 to 24598).
Stoch RSI has been oversold since the recent peak and throughout the subsequent sell-off. It has just made it's move above 20 again, pointing up in a
relatively steep angle and so is the RSI.
ADX has been above 25 since the 100% increase we saw on Dec 27th. While it went into a downtrend after reaching the Jan 9th high, it has been losing
momentum since yesterday and is unlikely to drop below 25 in the coming days. +DI and -DI are diverging with the +DI coming out on top.
So far, so good. Not a single bearish signal. Two volume indicators are still remaining though.
We saw both CMF and TMF cross the zero line into accumulation territory for the first time in over three months on the day the price doubled (Dec 27). Alas
the CMF has now dipped back into distribution. Twiggs is still on the plus side, but only barely so, so it looks like the market is losing interest at this
point.
Summary
There are bullish signals all over this chart, but we are still waiting for volume confirmation. If the price drops below 10.5k satoshi, I will probably
leave this trade. There seems to be a resistance at 19.9k satoshi.
You have to decide what to do with this information.
Since I did not know the meaning of the word candle in this context as little as two months ago, it would be irresponsible to supply target and stop loss
levels. You really do not want my advice. However, I would be very grateful for all criticism of my analysis or any other input for that matter.
<3
DecentDCT has positive signals coming up at the end of the month! We can start looking for early entries! Sister company Sophiatx is widely reviewed as super good! Own blockchain recently released! We have some signs of a bullish divergence! MACD doesn't always show everything! Short-term we can have a little run of 40%! Longterm 175-375%!
