DCRUSD trade ideas
DCR/USD monthly MACD flipped greenMonthly DCR/USD MACD just flipped green for the first time ever. If it can hold onto this until the monthly close sets it in stone, it would be a strong signal of the beginning of a sustained trend change.
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.
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.
DCRUSD, price moved above its 50-day Moving Average on Nov 01This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 66 similar cases, and 48 were successful. Based on this data, the odds of success are 73%. Current price $11.80 crossed the resistance line at $11.80 and is trading between $11.80 resistance and $11.79 resistance lines. Throughout the month of 10/10/20 - 11/01/20, the price experienced a -0.28% Downtrend, while the week of 10/27/20 - 11/01/20 shows a +2% Uptrend.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 53 of 83 cases where DCR.X's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 64%.
The Moving Average Convergence Divergence (MACD) for DCR.X just turned positive on November 01, 2020. Looking at past instances where DCR.X's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 42 of 64 cases over the following month. The odds of a continued upward trend are 66%.
DCR.X moved above its 50-day Moving Average on November 01, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for DCR.X crossed bullishly above the 50-day moving average on October 30, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 13 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 76%.
Following a +3.38% 3-day Advance, the price is estimated to grow further. Considering data from situations where DCR.X advanced for three days, in 236 of 353 cases, the price rose further within the following month. The odds of a continued upward trend are 67%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 158 of 231 cases where DCR.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 68%.
Some more long term analysisDecred forming a bullish kumo twist on the weekly. Perfect opportunity to complete the right shoulder.
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
Decred $DCR - Swing Trade opportunityIndicators @ 1D and 3D TF indicate that Decred $DCR will have a nice rally soon!
SwingTrade DCR-USDT:
entry: 15.06-14.86;
TP1@17.29;
TP2@18.89 with 3% TTP
SL@12.98 (SL timeout 8700 sec)
I´m not a financial adviser. For educational purpose only!
$dcri have a little bit, not much
havnt looked at the usd in a while. Thinking one of the 2 will occur.
Was thinking last while about the straight down vs oscillating alts.
Long-term downtrend in DCRNow a long-term downward trend. The price is still within this trend. Also below MA 200.
If the trend changes, then the price may rise significantly.
However, now on the chart we are observing the pattern of the descending triangle. When breaking through the base of a triangle
the price often drops to the height of the triangle.
I want to believe that we can break the downtrend in the near future. But at the moment this is not so obvious.
In a negative scenario, the price may fall to 3-2 $.
DCR vs USDJust another shitcoin, not so much, actually the worst performing shitcoin in my portfolio. This coin probably will continue to get dumped as it poses a serious threat to bitcoin. I believe bitcoin whales dump on this coin to keep it suppressed. Good luck homies
🇺🇸 MURICA! Perfect Pattern. (DCR)😯 Decred has been setting up this massive bull pennant like a champ!
You can see that we are now at the top of major Resistance for a chance to pullback to the $10 support.
You could have one more chance for the buy in for a longterm trade prepped for the next bull run in crypto.
You will want to look for a turning point here on the edge with the Crossover candles strategy and the ema dots to search for the turning point. If it does turn around I see this playing out. Just as bitcoin is lately in a zone of potential reversal to the downside. Bottom should be sometime this year.
* this is a bullish pattern, but don't forget that patterns can fail. So stay cautious at the edge plays of support and Resistance just in case it were to perform a breakout.
Stay safe and best of luck! 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
