Bull Divergence & Oversold spotted on Decred 4h candleBull Divergence & RSI Oversold spotted on Decred 4h candle
Target until RSI overbought
DCRBTC trade ideas
DCRBTC Approaching the end of the triangleDue to the descending trend line and the specified support at the end of the triangle, if the trend line breaks, we will climb higher. I increase the probability of climbing until I fall, according to the indicators, but the best time to buy is to break the trend line.
Before moon, DCR needs to double bottomIt looks like DCR needs to make a double bottom before going to the moon
DCRBTC In strong Bullish formation with 50-100% target
Spotted Bullish flag formation on this and I believe it will pops up soonest.
Pick your bag on it and hold it for sometime.
Kindly go through the chart and do leave us your comments to let us know how you feel about our view and also apply your risk analysis to it.
Moreover REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas
Thank you.
Dcr bullishBullish divergence on 4h rsi. Overhead diagonal resistance has held for 4 months. In my view a break of the diagonal would signal trend reversal to the upside.
Let's talk about the MACD Bull Div on DCR/BTCTough not to be a little bullish about the bullish MACD divergence that has developed over the last 18 months. Buckle up.
#DCRBTC RISKY (Long Term) 2/20 #DCRBTC RISKY (Long Term)
Buy : 0.00220000 - 0.00203610 - 0.00188441
Target 1: 0.00231000
Target 2: 0.00253000
Target 3: 0.00297000
Target 4: 0.00374000
Target 5: 0.00550000
Stoploss: 0.00183615
Invest: 3%
Risk/Reward: 10% / 150%
we ask Allah reconcile and repay.
DCRBTC Has Completed The Bullish Setup For Upto 510% Big GainsOn 19 Aug 2019 I shared a post where I have explained that priceline of Decred Decred (DCR) / Bitcoin is moving within a very big pennant since June 2017.
Within the pennant the price action formed head & shoulder pattern and pushed the price action down to the support.
In Aug 2019 after hitting the support of the pennant and bollinger bands the MACD was turning turned weak bearish from strong bearish and RSI was in oversold.
The previous post:
Now we can see that the Bollinger bands is squeezed indicating that there is breakout or breakdown can be possible at any time and moving average convergence divergence (MACD) is weak bullish. And the pricline is still at the support.
The current situation:
A bullish harmonic move:
Now on this 2 week chart the priceline has formed a complete bullish BAT pattern the formation of this pattern was started with the candlstick that was opened and closed on 21st October 2019 and completed with the candlestick that was opened and closed on 11th November 2019. Then price action retraced between 0.382 to 0.50 Fibonacci and after getting retraced the price action projected between 0.382 to 0.886 Fibonacci projection of A to B leg after this Fibonacci projection from 16 December up till now the price action faced a strong bearish long-term trend and this strong bearish trend helped the price action to complete the last leg of this is BAT and the priceline of the DCR now has entered in the potential reversal zone of this bullish BAT pattern.
Buying and sell targets:
Now here I have defined two types of buying and sell targets.
1. Mid term
2. Long term
Midterm targets:
Midterm targets are as per bullish BAT pattern that has been formed at the support of big pennant. These targets are as per Fibonacci projection of A to D leg from 0.382 to 0.786 Fib level as below:
Buy between: 0.001823 to 0.001672 sats
Sell between: 0.002183 to 0.002728 sats
So as per these targets the Decred can produce upto 63% profit but if the price action manages to cross up 0.786 Fib projection then it can lead to hit the long term sell targets.
Long term targets:
Long term targets are as per big pennant on this 2 week chart and I have defined the sell targets using Fibonacci sequence from last highest upto the support of the pennant rather than from the tail up to the support for secure targets but the price action can even go higher than the targets I have defined.
Sell between: 0.00725349 to 0.01208048
As per these long term targets DCR can produce upto 510% huge profit.
Stop loss:
Here we can set the stop loss either the support of this pennant or the potential reversal zone of this bullish BAT pattern.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
DCRBTC | Gained momentum for upward movementDCRBTC looks good at 2H timeframe chart. We can see a strong price action regularity. It formed a precise downward channel.
At the chart you can see the price continuously touches upper and lower edges. Afterwards DCRBTC has a subsequent movement. Currently the price is located at the bottom of it and according to technical indicators is ready for an upward movement after a small corrective retracement
Signal is already shared in the premium channel and automatically applied through Binance API
DCR Long Position DCR / BTC
🌐 Exchange : BINANCE
▶️ Buy : 1950
👇 Targets :
✅ Tp 1 : 2110 (8%)
✅ Tp 2 : 2270 (16%)
✅ Tp 3 : 2450 (26%)
🔴 Stop loss Zone : 1800 ~ 1780
DCR on alltimelow support, formed double bullish patternAscend. triangle + triple bottom
Also there is bullish divergence on RSI
Buy Area 2050-2100
Sell target should be 2205-2310-2499-2625-2730
Stoploss 1806
DCR Looks BullishDCR / BTC
Exchange : BINANCE
▶️ Buy : 2089
👇 Targets :
✅ Tp 1 : 2250 (8%)
✅ Tp 2 : 2430 (16%)
✅ Tp 3 : 2600 (25%)
🔴 Stop loss zone : 1920 ~ 1900
$DCR, potential R/S Flip $DCR
Broke above ~2250 sats level with increasing volume and now its retesting it for a potential R/S Flip
UCTS Buy signal on the 1D & lower TFs
OBV bullish divergence // Trying to cross ICHI
if bounce happens, then a new leg up w/ target at ~2500/2900 sats may follow..
#DCR
DCRBTC Analysis BINANCE:DCRBTC Looks to have bottomed here. As long as this 1950 area holds on the daily I think this has some serious potential to reach a true wave 3 target. Above 2224 is a nice start I'd like to see. Some bearish div on the RSI daily suggests some more sideways or consolidation. A break above 2224 is what I really want to see to jump in, though I don't mind building a small position around CMP where we are. This is extremely speculative at this point, but with alts looking to run it's important to target the ones that are already in consolidation, not the ones that are up 70% in the last week. As always with alts - trade small. They are really volatile even when going up.
