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.
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 !!
BUY DCR IN BINANCEDCR
Entry below 6100
TP1 7000
TP2 7300
TP3 7500
Stop loss 5900
DCR looks to be in falling wedge.. bouncing at support.. should breakout soon.
DCR may not be that bad as it looksJust in case you haven't seen below is Decred chart from Bittrex. I had many SR lines there, that made it look dirty, so I hidden them. But there were also cycles and I can tell you that now is the beginning of a new one.
Here at Binance at smaller timeframe we have a breakout of descending triangle and possible reverse of a trend (just very very begining). Price might not start growing too far just now but in long term it may climd an impressive mountain.
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
DCR Broken Downtrend - Going up.DCR just broke it's very short lived downtrend after being listed on Binance.
DCR listing on Binance - Support found - Lets take this puppy UPStochastics, clouds, MTF RSI, and the Mode of God are all giving the same signals and signs that this will keep grinding higher. DCR is not just any old project. It holds its weight through bearish times, and now hey, its coming to light during a bullish time! YAY. I expect an edge to edge KUMO grabbing 12% for this first impulsive move off the found support. Targets are in the box.
Namnaste'
DCR-BTC, Fresh on BinanceQuick trade
7% up during the first half of the day. The first retracement is now complete.
Can it make it one more time?
Decred (DCRBTC) Going On Binance (Get Ready!)Decred (DCRBTC) will be listed on Binance. This will happen tomorrow.
"Binance will open trading for DCR/BNB and DCR/BTC trading pairs at 2018/10/24 04:00 AM (UTC). Users can now start depositing DCR in preparation for trading."
Source: support.binance.com
On the chart:
- We already have a huge green candle.
- The RSI is super bullish. Everything will turn bullish.
- This coin will explode as soon as it is added to Binance (as it usually happens).
- Targets on chart.
Thanks a lot for the support.
Please like, share, comment and follow to keep this trade idea updated.
Namaste.
DCR big wave comingLets look at weekly chart. Perfect. Just perfect combination of everything. This chart is just crying out for a new wave up. No one can predict how far it will get but I draw some targets. Each of resistance line will act as support once broken. Each can be a start of a new profit trade.
Four-hour chart just doesn't show the whole picture but it shows the. Now DCR chart is fighting BTC pressure and the pressure is big. So is the volume on the last 4H candle. It’s not yet finished, another 1.5 hour to go, but it is already very large. If the price will go down next buy zone is at 0.00530-0.00540. However, I have a feeling that it may start uptrend not touching those numbers. Breakout with large volume and price pump should happen after DCR cross 0.00620.
Not a financial advise.
A trading opportunity to buy in DCRBTCTechnical analysis:
. DECRED/BITCOIN 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 50.
. 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 (0.00594 to 0.00540). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00594)
Ending of entry zone (0.00540)
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= @ 0.00694
TP2= @ 0.00728
TP3= @ 0.00801
TP4= @ 0.00854
TP5= @ 0.00970
TP6= @ 0.01117
TP7= @ 0.01230
TP8= @ 0.01454
TP9= @ 0.01773
TP10= @ 0.02179
TP11= Free
A trading opportunity to buy in DCRBTCTechnical analysis:
. DECRED/BITCOIN 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 50.
. 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 (0.00594 to 0.00540). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00594)
Ending of entry zone (0.00540)
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= @ 0.00694
TP2= @ 0.00728
TP3= @ 0.00801
TP4= @ 0.00854
TP5= @ 0.00970
TP6= @ 0.01117
TP7= @ 0.01230
TP8= @ 0.01454
TP9= @ 0.01773
TP10= @ 0.02179
TP11= Free
#DCRBTC curvature implying a strong move higher soonand very nice risk/reward ratios, depending on your preferred level of risk. Have a long bias based on the fundamentals of the project, so positive technicals like this is just a bonus and opportunity to trade a portion on the move higher. Notice bullish RSI divergence and curvature of the price action so far; only waiting for high volume interest to break higher.
DCR/BTC - Potential move up with a decent stop lossIndicators on the daily:
TTM_squeeze strict dots
Price making lower highs - RSI making higher lows (Don't know if that's good or bad halp)
Indicators on the weekly:
TTM_squeeze momentum slowing down and crossing up in the Maxx Momentum indicator
God Mode 5 normal dots (Take profit on short / long)
Fundamentals:
Politea initial release
Course of action:
Took longs at box
Stop Loss around the orange line.
Any feedback is appreciated!
$DCR, Bounce Or Break…
Weekly
Looking at our trend timeframe we see price has found support at 550000, stochastic rsi showing momentum in favor of bears. Will watch smaller timeframe for entry.
Daily
Shifting over to our pattern timeframe we see price looking bearish, as well as momentum. A daily close above 576000 activates our trade, however if we see a daily close below 556000 expect our sell of to continue towards 450000