Decred Overview & Chart Analysis (Starting To Move)Decred (DCR) Overview
Decred (DCR) is an open-source, Bitcoin fork that places emphasis on development funding, on-chain governance, and consensus mechanisms.
Launched in Feb 2016 by the Bitcoin developers behind btcsuite (an alternative full-node Bitcoin implementation written in Go (golang), Decred successfully orchestrated an on-chain user-activated consensus vote, which is emblematic of the project's emphasis on community-driven stakeholder governance. Other features of the project include a hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system, a public proposal platform, smart contracts, cross-chain atomic swaps, and cross-platform wallets.
Now let's take a look at the daily timeframe chart for DCRBTC:
Here we have a broken downtrend line (red dotted).
We can see big volume and EMA50 rejecting the growth. That's the level to break for DCRBTC to move higher (so you see a green arrow above it).
There is a bullish divergence with the MACD.
The RSI hit ~18 recently, very low, and is now strong/bullish above 50.
DCRBTC is trading above EMA10 (green line) which tells us that it has bullish potential.
Additional details can be found on the chart.
Namaste.
DCRBTC
Decred Falling Wedge! DCR Finally Bottomed Out? OpportunityIf DCR bottomed out at 0.0015, and breaks out of the falling wedge as it approaches ~0.00175, then it's a great buying opportunity either for a long term position up to ~0.004 or a short term take profit at ~0.002
Moreover, with Decred's privacy features, Politeia GUI update, and potential Coinbase listing soon, this coin is primed for major reversal based on fundamental aspects as well. The proverbial sleeping dragon.
Decred [DCR] - Buy PullbackDCRUSDT has had a significant bullish change in character whereby demand was found in Hammer and Piercing Pattern formations on 31D and 1M charts, respectively. Price has expectedly met with supply at Phi EMA 144 and a pullback will ensue. Ideal re-entry will be between SMMA 6 & EMA 30 ($15.50-$16.50). Buy only on bullish candlestick reversal signals with volume to support higher prices. We're looking for Hammers, Bullish Engulfing Patterns, and Morning Stars. Volume is the key factor which will illustrate the drive to break out of EMA 144 and push into the next Phi EMA 305 target ($20.00). Heikin Ashi well illustrates the bullish change in character and the zone between SMMA 6 & EMA 30 represent the sweet spot for long entries. Beware that a failure of these EMAs to hold as support will invalidate this bullish analysis.
Entry: 15.50-16.50
SL: $14.50
TP1: $20
TP2: $23
RR: 2.67/4.67
Today`s ALT!!! DCRBTCBINANCE:DCRBTC
Exchange : Binance
Coin: DCRBTC
Buy Zone: 0.00192~0.0019
Target Point: 0.00199/ 0.002065/ 0.0021/ 0.00215/ 0.0023
S/L: 0.00188
Risk: HIGH
Term: Middle - Long
It`s moving in Down Trending Channel
There is Bullish Divergence at the bottom of Channel
It can be touch top of channel !!
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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DCR/BTC - All Technicals Point to Upward MovementThe KC was perforated by a violent move, the old resistance of the downward channel seems to have become support.
Given that the new Privacy features have just been released and given the increase presence on social media etc., I would advise all to keep an eye on this one.
DCR/BTC BREAKING out of the long-term downward channelFUNDAMENTALS:
DCR released its PRIVACY recently: twitter.com
Which is major news, it means that ZCash and Monero have a new competitor now.
But unlike Monero/ZCash, DCR also has proper decentralized stakeholder-ran governance.
They are using the stakeholder governance to elect a Market Maker now which could solve their liquidity problems.
TECHNICALS
What we've been waiting for a long time finally happened: the breakthrough the downward channel on Binance DCR/BTC chart.
This signals a possible reversal of long term trend. Please see my other chart (related idea) to see where I think it could be headed
Decred is a top 5 cryptocurrency so this is a major information asymmetry, to be holding it now. The market is massively underpricing it
DCRBTC hit the support of pennant | Upto 359% potential tradePriceline of Decred Decred (DCR) / Bitcoin cryptocurrency is moving withina pennant since June 2017.
Within the pennant the price action formed head & shoulder pattern and pushed the price action to the support.
Now after hitting the support of the pennant and bollinger bands the MACD is turning bullish and RSI entered in oversold zone.
The sell volume is also decreased and volume profile is showing less interest of cryptocurrency trading below the support.
I have defined the sell targets using Fibonacci sequence from last highest upto the support of the pennant rather than from the tail upto the support for secure targets but the price action can even go higher than the targets I have defined.
Sell between:
Sell between: 0.00725349 to 0.01208048
Regards,
Atif Akbar (moon333)
BTC-DCR Decred- Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2018 ( 1 / 10 )
Volume 24 H : 1500 BTC ( 5 / 10 )
Available Markets* ( 7 / 10 )
Social Media Rate ( 6 / 10 )
Ranks ** - 26 ( 8 / 10 )
Website ( 5 / 10 )
Type Enabling users to issue tokens on a secure and decentralized blockchain.
Overall ( 6 /10 )
The volume is not bad.
As long as Decred is above the trendline , you are safe .
The best place to buy at the trendline or around 0.0062.
If the Yellow line ( MA 50 ) above Blue line ( MA 100 ) , We confirm the bullish trend.
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points