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Decred

Decred (DCR) Primed for Trend Reversal, LONG PositionLooking at the long term log chart for Decred/BTC, what do we see? We see that we're now touching a line that has been touched 4 times now, so it has a strong "magnetic pull" both + and -, we're bouncing off of that line now We see that if now is the time of reversal, a possible target before retracement is the previous ~0.018 BTC ATH DCR fundamentals (development, characteristics) should position it as a top 10 crypto in the future, because of its unique hybrid design Moreover, "staking-as-a-service" seems to be gaining traction (Coinbase, Staking.us, etc.) and DCR could lead that trend If you observe popular crypto personalities and traders, many like Murad Mahmudov begin speaking about Decred as the only competition to BTC This is a unique chance to catch DCR before it gets big.
Long
by Tivra
2
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
DShort
by CognitoBTC
Long Decred or be ForgottenThis setup is entirely similar to STORM and both got bought up during the Bitcoin move to $5k. I already have a position but i'm adding more if we get even half way to that box again. Once again, This pick combines FA and TA. Cryptos have given life's losers a chance. I'm a testament. Get focused, put in honest work and don't ever give up. The greatest lessons come from mistakes and you only fail when you've given up. Don't be the miner who dug his whole life looking for a gold nugget that everyone else was finding but him, only to give up a day before he would have found it... God Speed fellas.
Long
by switchedmode
6
$DCR - Bullish Break of the 50D Ema? - 1D FractalHere is a $DCR trade (fractal) I'm eyeing as $alts begin to look bullish Its an identical looking setup that I was trading basically all through Aug-Oct. If you want a combination of rock solid FA & TA for a project here you go Accumulation > Breakout & retest of 50D Ema > Alt Season? (jokes) Looking to target and capitalize on the initial breakout and any run up that follows (while being patient and not rushing any entries) Trade safely as we're still in a bear market, @CryptoBarTalk
Long
by CryptoBarTalk
Decred not looking very good#Decred not looking very good... while on the big picture we could say its a falling wedge or a descending channel, volume is really low for a 150m market cap coin. To make a comparision #Lisk with same cap, has 4x daily volume... $dcr #dcr zooming into current weeks: I see a descending broadening wedge for decred but again no volume... I think it will retrace to 0.0037 levels and try to find support there... . Alerts around 0.0052 - 0.0037 will work. About the Ultimate Crypto Trading Strategy script, If you’d like to test the trading script in TradingView, I can give you access to a 10 days trial also check our discord community for script users (discord.gg/stdU3ua) . Also, don't forget to visit my website CryptoNTez.com to check out other products, tutorials and more!
by CryptoNTez
Monthly candles still within the symmetric wedgeZooming out, the monthly candles are still within the symmetric wedge, but the volume just isn't there. Decred team hired a new PR firm (Ditto), with their Proposal System. If they have have news coming out soon, perhaps the long-awaited Privacy release, it could bounce. I remain hopeful for this project because there's many things that set it apart from the bunch, but unfortunately, the volume and price action isn't good. We would need a catalyzing event now.
by Skanda
Decred Looking Very Promising One of my favorite coins in the crypto space = Decred. Built from the btcd Bitcoin node implementation, the coin was created in 2016 as an alternative option to Bitcoin. Known as the first (and one of the only) true hybrid consensus algo coins, Decred was a game changer when they first popped on the scene. Now granted, they have not reached the same market cap as some of the more recent coins in existence, like Tezos; Decred is proven tech. We won’t get too deep into what Decred does, but let’s go ahead and take a look at the price action on the coin and see what conclusions we can come to here. Now, at first glance, the chart above may seem a bit intimidating but let us explain: 1. The blue lines that you see on the chart above are support and resistance points. 2. If there is a blue line that is above the price, then it is a resistance point. 3. If the blue line is below where the price is, then it is a support point. 4. The red boxes are all of the different times that the price has ‘bounced’ off of one of the support/resistance points. 5. Support/resistance points are able to change at will. For example, if a price manages to cross above a resistance point, then that resistance point will become a support until the price breaks south of it once more; at which point, it would become a resistance point once again. We made sure to put all of those points on a chart for you as well, so that you can integrate the points above with a visual a little easier: Now let’s zoom in a bit to get a better idea of the price action on Decred $DCR There are a few observations that we should make here: The underlying support for Decred on the daily resolution is extraordinarily well-tested, making it an extremely reliable indicator of impending bounces for Decred’s future price action. Of course, this is important because the price at the time of writing is currently nudging against said support line. Also, common logic and trading convention tells us that a point/zone being well-tested without the price actually breaking through is indicative of that area’s strength (in terms of support or resistance). Therefore, we can trust this resistance with relative confidence. Especially when considering the fact that there is a support that is just a tad bit lower than where Decred is currently. Now, let’s check on where the overhead resistance would lie at: Relative Strength Index(14) The RSI(14) isn’t really telling us any crazy information at this point in time, but its definitely something that’s worth paying attention to though. Balance of Power RSI Balance of Power RSI here is fairly ambiguous as well. What we can detect though is that there appears to be a recent increase in accumulation, which does diverge (positively) with the price action. We outlined this most recent portion of Decred via a trendline graphic on TradingView at the end of the chart. Everything there is to say about the Ichimoku for Decred has been said in the chart above. So, let’s move on to the Fibonacci Levels (Fixed; Preset this time) Fibonacci Levels Zerononcense Reversion Ribbon V2 for Decred Conclusion Decred is something that could really bust out of the recent rut that its been in. For that reason, we have a definitive R/R in mind for $DCR. Disclaimer: This is not trading/investment advice. This idea was not created by someone that has any type of holding in Decred or any of its competitors.
Long
by librehash
5