DCR-BTC trend breakthroughGreetings,
a tool in a global channel that looks down like all altocoins. At the moment, the price is close to the upper limit of the channel, and can give a good entry point when breaking and anchoring above the channel. Also on the horizontal volumes you can see important support and resistance zones, which will act as targets for taking profits and placing your stop orders.
Support with likes if you find it useful.
Decred
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.
Wyckoff AccumulationI've revised my previous wyckoff analysis on Decred. It's looking like a hybrid of the two popular schematics.
💡Don't miss the great buy opportunity in BCRBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00097855). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BCRBTC 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 66.
Take Profits:
TP1= @ 0.00124570
TP2= @ 0.00150650
TP3= @ 0.00194885
TP4= @ 0.00241290
TP5= @ 0.00298545
SL= Break below S2
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💡Don't miss the great buy opportunity in BCRBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00097855). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BCRBTC 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 66.
Take Profits:
TP1= @ 0.00124570
TP2= @ 0.00150650
TP3= @ 0.00194885
TP4= @ 0.00241290
TP5= @ 0.00298545
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Decred Shakeout Complete, Can Now Grow Without ResistanceWe have a strong signal for DCRBTC (Decred), a full shakeout has taken place... Let's look at it closer:
Notice the long lower wick/shadow on yesterday's candle.
Prices went all the way down to 0.00000750 hitting a new low to fully recover and close above EMA10.
We are now seeing a challenge of EMA50.
This is setting up DCRBTC for a long period of sustained growth.
Namaste.
Setup for inverse head & shoulderDecred had a healthy correction have a nice pump. There's a potential inverse head & shoulder setup if you still want to get in.
Decred (DCR) Confirmed 164% (Full Trade Inside)Here Decred (DCRBTC) is already moving above the down trendline/falling wedge... The next target is set at 68% followed y 164%.
We have a trade idea with the full numbers listed below:
In case you would like to see this pair in more detail.
We have a volume breakout and prices yet to move above EMA10... This is only getting started.
This is an easy one.
Make sure to have a well thought out plan ready before buying into any pair or doing any trading.
The best way to be successful is to prepare ahead of time.
If in doubt, don't trade.
If you make a mistake, either take the loss and move on or wait patiently until the markets change and prices resume up.
Patience is key.
Any questions... ???
Feel free to share it in the comments section below.
Namaste.
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.
What is Decred (DCR)? All of this cryptocurrency!!!In this special analysis for Decred holder's and all investor's community. I show you one of the awesome proyect that I see so curios and it's Decred, the cryptocurrency that use the governance to build a network more scalable and secure.
What is Decred?
It's a Blockchain based with a strong focus on community input, open governance, and sustainable funding for development. This cryptocurrency use a hybrid Proof of Word and Proof of Stake mining system to ensure that a small group cannot dominate the flow o make changes to Decred without the input of the community. It's most secure network agains the attack then pure using both codes of Pow of PoS. Decred's amid want to build-in governance system empower its community with formal rights to make consensus changes and manage proyect level decisions. These systems make Decred adaptable, allowing it to envolve per the will of the stakeholders, resist forks and incorporate new technology over the long run. It's sustainable funds its treasury with 10% of each block reward and employs a flexible contractor model that allows contributors to receive compensation for their work of staking or mining.
My Personal Opinion:
I believe that this proyect is so interesting to take in noticed about the most secure using these Blockchan codes, because it's build a sustainable Decred network most secure of any attack, and obviously that crypto-enthusiastic is still pending of this proyect could to resolve our money facet of our lives providing us a most secure network to hold money in this cryptocurrency. The proyect is so interesting to see as investments and accumulate Decred with a good price of accumulation yet.
I bring you this information because I have a list of cryptocurrency that I want to study it and knowing proyect to innovate and investment, and more later undertake of any blockchain proyect that I intersting. But, remember my own portfolio crytpo it's consist to selected 8 cryptocurrency based in my own crytery of evaluation. And then, knowing the proyect that also, I interesint to trade cryptocurrency in some weeks soon. Because, I was knowing a crypto-broker called Voyager that work to accumulate crypto and build a crypto-portolfio and that sound an intersting idea to accumulate crytpocurrency in the next bull rally soon!!!
For more information:
www.decred.org
DCRBTC analysisI am neutral. Sell2 and sell1 signal show we must not buy. However, the chart is hitting support/ATL position and is below the McGinley dynamic line. We must only buy when we get a buy2 + buy1 signal. If we get buy signals while the chart is below the McGinley dynamic line, we can feel very confident about our long position.
Decred (DCR) Bullish DivergenceDecred (DCRBTC) is showing bullish divergence with the MACD and RSI... This is a strong signal.
At the same time, DRCBTC is trading at All-Time Lows, literally.
The STOCH is oversold and trending up.
The RSI is looking strong at low prices.
The MACD is still bearish but showing bullish divergence...
These signals are telling us that DCRBTC can easily move up next... LONG-TERM.
Namaste.
DCR / BTC - a risky longIt has been in a massive downtrend with regular attempts at resistance. We are nearing end of triangle and per wave analysis, there should be impulses going up. There are immediate resistance zones above current price but recent RSI divergence gave it a small boost. Perhaps a small position to place here but per chart, it can basically double easily.
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 One of the most promising projects in crypto space DCR Once again will get attention after pumps