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Decred

DCR/USDT Ready for a Bullish Rally From a key Support💎#DCRUSDT is primed for action as it approaches the upper boundary of a Descending Channel. From the momentum gained at the support of $19.21, the asset shows a robust setup for breaching the channel constraints. Sustaining this momentum could catapult it out of the descending channel. 💎However, If #Decred cannot hold its ground at $19.21 and dips beneath this level, it might hint at a protracted bearish trend with the next vital demand zone awaiting $17.69. This area is renowned for its dynamic recoveries, fueled by substantial liquidity influxes seen in past interactions. 💎If GETTEX:DCR revisits this demand zone, cementing a robust rebound is essential to uphold its support base. Any lapse in regaining strength could amplify downward pressures, sour market sentiment, and potentially spiral into more severe price retreats. 💎Stay alert and adaptable, Paradisers. Your ParadiseTeam is closely tracking and ready to navigate you through the unfolding dynamics of the #DCR market. MyCryptoParadise iFeel the success
DLong
by MyCryptoParadise_Simon
Decred: Bullish Breakout Imminent?Considering the prevailing bullish sentiment in the market and the pattern observed on other cryptocurrencies throughout the crypto sphere that have broken out of a prolonged accumulation phase, it can be expected that DCR will eventually follow the general trend and repeat the pattern that we have already seen on many other coins. Decred has been facing resistance at the $18.3 level since May 2023, but recent price action on the 1-hour and 4-hour timeframes indicates a breakout and retest above this level. The next significant level to watch is $21.4, which has historically been a key support/resistance level for Decred. While there are signs of weakness on the 1-hour timeframe, such as candles with long shadows that could provoke short positions, there is still no confirmation of a breakdown in the upward structure. The 1-week candle seems strong, and the overall asset shows significant buying volume. This indicates that Decred may be able to consolidate above $21.4 and keep moving upwards successfully. A breakout and consolidation above $21.4 could lead to increased volatility and larger price swings on higher timeframes, with potential profit-taking zones and resistance levels at $50, $67, and $85. Additionally, the February 2023 high of $28.52 may also present a next strong resistance level in the short-term future.
Long
by Deviantor_Wayne
12
DCR USDT LONG SWING| DCRUSDT | LONG @ 15.5 - 16.5 | TP @ 17, 17.25, 17.5, 17.75, 18 | SL @ 14 | PATTERN = QUADRUPLE TOP BREAKOUT | BINANCE | Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames BINANCE:DCRUSDT OKX:DCRUSDT BYBIT:DCRUSDT CRYPTO:DCRUSD KUCOIN:DCRUSDT COINEX:DCRUSDT GATEIO:DCRUSDT MEXC:DCRUSDT
Long
by Coindatahouse
DCR/USDT Bullish Prospects from Key Support?👀🚀 Decred Analysis💎 Paradisers, let’s focus on #DCRUSDT as it’s currently displaying a promising trend.it is solidly positioned at a key support level, hinting at a potential bullish movement. 💎 Looking back, #DECRED has shown a pattern of breaking upward from a descending channel, leading to an uptrend. At this juncture, if PSX:DCR maintains strong momentum above the crucial support level of $14.05, there’s a good chance it could ascend further, aiming to overcome the significant resistance at $19.20. 💎 However, if #DCR loses its footing at this key support, we may need to consider a shift in strategy. This could involve expecting a bullish recovery from a lower support level at $13.33. Importantly, a break below this level could indicate a move towards a more substantial downward trend. 🌴💰
Long
by MyCryptoParadise
2
Decred vs Bitcoin Analysis (505% Possible On Next High)We looked at Decred vs Tether (DCRUSDT) and it is bottomed out and also starting to grow... You can find the article below: Now, let's have a look at the Bitcoin pairing, DCRBTC and what the chart has to say. The first thing I notice when looking at this chart is the long-term higher low. In November 2020 DCRBTC hit its low point. In July 2022 DCRBTC hit a new low but this time higher than Nov. 2020. Then of course a new low in November 2022 but higher than July, keeping this pair within higher lows short- and long-term. The trading volume is being dominated by bull/green volume, in the long-term as well. The RSI is strong, we consider it strong above 30 on the weekly timeframe. These signals together tells us of a potential higher high coming next. Higher lows lead to higher highs and we have the support of good trading volume and a strong RSI. Now, multiple targets for the above signals. The easy target is set at around 0.002574 or ~100%. Followed by 0.003531 or ~180% if DCRBTC grows but doesn't gain much strength. The last and final potential target would be 0.007585 for a higher high and a massive potential of 505%. This is all based on the action that started in early November 2020 and the signals that I just read. Namaste.
Long
by AlanSantana
1
Decred Can Do 333% On The Next WaveSmaller Altcoins tend to grow bigger and faster than the large cap. ones. Here we have Decred (DCRUSDT) with multiple bullish signals. - Yesterday an inverted hammer was printed on high volume. Two signals in one. - Today, prices stand above the June low as well as EMA10. Two more bullish signals in one place. We are seeing a consolidation range before the breakout... So a bullish breakout is expected next. As I mentioned in the Cardano trade idea, very low risk with very high potential for rewards. The best posssible type of chart setup. Namaste.
Long
by AlanSantana
2
Decred: Get Up!Decred should be done relaxing on the yellow beach strip between $35.04 and $6.98 – or rather on the support at $19.87. As the altcoin has already finished wave (2) in yellow, we expect it to get up and hop above the resistance at $84.82. Once there, Decred should gain enough upwards momentum to make it above the next mark at $191.48 as well. However, there is a 45% chance that the altcoin could drop below the support at $19.87 instead and develop a new low in the course of wave alt.(2) in yellow.
BINANCE:DCRUSD
by MarketIntel
1
DCR | Low Float Crypto | DecredWhat Is Decred (DCR)? Decred is Money Evolved. By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”. Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty. What Makes Decred Unique? Decred is an innovative project because it bets on blockchain technology’s decentralized nature to prevent monopoly over voting status in the project itself. One of the main goals of the Decred protocol is to ensure that all DCR holders have the same amount of decision-making power and that large institutions cannot swing the votes in their favor. By introducing ticket-holder voting, Decred ensures that people who have enough DCR will have the opportunity to participate in votes regarding the company/token’s future and operations. Decred also created a dedicated voting platform called Politeia, which allows users to participate in votes, submit proposals and start discussions. Not only that, but to ensure those voting rights, Decred is employing a hybrid consensus mechanism, which combines both the proof-of-work (PoW) and proof-of-stake model (PoS). How Many Decred (DCR) Coins Are There in Circulation? Decred plans to issue a total of 21,000,000 tokens. Currently, about 60% of these tokens have entered circulation. Of the 21 million tokens, 8% were mined before the launch of the protocol. Half of these pre-mined coins went towards an initial airdrop, while the other half was distributed to cover costs acquired by Company 0 during the development of the protocol. The initial airdrop was designed to reward interested parties by giving them free Decred (DCR) tokens. Tokens were distributed among participants who had registered for the airdrop event beforehand.
Long
by DivergenceSeeker
5
Decred DCR Bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. Decred DCR has a negative overall sentiment recently. I have the following price targets: DCR/USDT short Entry Range: $29 - 31 Price Target 1: $24 Price Target 2: $19 Price Target 3: $18 Stop Loss: $35
Short
by BuySellMarketMaker
DCRUSD held the 1D MA50. Path to the 2022 Resistance Zone.Decred (DCRUSD) is staging a short-term rise after holding the 1D MA50 (blue trend-line) as a Support since the August 19 pull-back. The 1D MA200 (orange trend-line) is the first Resistance but this has already been broken on the August 05 spike, which was though rejected near the 1W MA50 (red trend-line). Those are basically the next pivot levels with the ultimate test being the 75.6500 - 86.4000 Resistance Zone, which has been holding for the majority of 2022. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:DCRUSDLong
by TradingShot
3
DCR/USDT { DECRED } - BULLISH SETUPHello everyone. Happy New year, though it's coming late. It's been a while. How are y'all doing. Making profits, i hope. I have an analysis on DCR/USDT. Hope y'all find it profitable and educative. ANALYSIS 🔎 - DCR /USDT hit an all-time high and retraced. - The retracement was bounded in the falling wedge pattern which is a bullish reversal pattern. - Price brokeout above the falling wedge pattern as expected. - The breakout is retesting the falling wedge resistance and the key fibonacci retracement levels (0.618 - 0.702 - 0.786). - We could see more upside from this zone. BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the horizontal resistance (@39.8). - Limit entry: test of the 0.786 fibonacci retracement level. TARGETS 🎯 - Horizontal resistance level (@57.9). - Horizontal resistance level (@70.4). - Fibonacci extension level 1.0 (@85.0) SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level. - This will lead to a test of the swing low (@19.8), implying a possible formation of a double bottom pattern, which is also a bullish pattern.
Long
by Chibuike_Odoh
1