DCR touches crucial long-term trendlineThis is a decisive moment as DCR/BTC touches the big one, the massive trendline that is its lifeline
This could be the chance DCR has been waiting for.
Decred
Decred volume skyrocketed after Binance listing announcementLast night Binance has announced a new coin that will be listed on the exchange. The chosen coin was Decred (DCR), that will be added on the 24th of October, that is tomorrow.
Here is the twit: twitter.com
Right after the news price started to move up as well as the trade volume. Trade volume went crazy, and has reached $9,000,000 from just $850,000. This is over x10 times increase in volume, resulting in a 33% gain in less than 24h period. Such rise has made
Decred a top 1 gainer from the top 100 coins in the coinmarketcap.com. Most trade volume came from Bittrex and Huobi, but perhaps it will be shared equally with Binance, once DCR will be added to their listings.
All-in-all, the market reaction has been extremely positive on these news. At the same time RSI oscillator showing that Decred is overbought, which could result in a correction down especially after such a strong pump.
The upper trend line of the ascending channel has been reached, but not broken, along with the 38.2% Fibonacci retracement - a $50 physiological resistance.
If/when todays’ high at $52.4 will be taken out, next stop seems to be $60. Not only this is the next physiological resistance but also an important Fibonacci retracement level - 61.8%. On the way up there is one more obstacle that should not be ignored, that is 50% fibs at $55.
Currently, further price increase by Decred is a doubtful scenario, while it could have performed a simple pump and dump maneuver, rather than a healthy demand. DCR/USD might need some time to “think” as to what to do next. Either a correction down to $40 area and then consolidation or a break above the recent high, targeting $60 and beyond? Hopefully, DCR will reveal the plan soon.
Support:
$43
$38
$33
Resistance:
$50
$55
$60
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 !!
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.
Decred Long - Back to Pre Binance Pump Levels- Decred looks pretty good here
- Targets labeled...
- Stop under diagonal
Decred Adam & Eve?Potential adam & eve double bottom. Crossing the pink line (top of the adam) confirms a & e double bottom. Would be a long term trade and require positive market sentiment for 4-6 consecutive weeks overall. But it's a good project so maybe it can.
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
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'
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.
DCRBTC volume building...I see a sprint coming...Entry 1: 0.00791279
Entry 2: 0.00739420
Targets: Fib 618's
Target 1: 0.01086712
Target 2: 0.01282414
Stop: 0.00733263
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
Decred is a good buy hereDecred is handling the support levels well. Will rise over the next few months.
DCR - Decred Keeping It SteadyLooking at the 4h chart we see a pattern that is holding it above the support line.
Wait and see which way it will go.
(This is not financial advice, this is a volatile market where anything can happen)
[DCR/BTC] DECRED PROMISES VERY NICE PROFITS [POT PROFIT 50-225%]#DCR / BTC ( Poloniex, Bittrex )
Buy Range : 0.0064
Stop Loss : below 0.0053
Target 1 : 0.00998
Target 2 : 0.01206
Target 3 : 0.01456
Decred seems on a very good zone to buy, price is trying to reverse like December or April.
After massive bloodbath, altcoins are trying to rise against bitcoin. This is the fourth week on streak on green and some indicators looking very good on the weekly chart.
RSI, STOCH, CCI and MACD is performing very good. Only a breakdown of our support zone could invalidate this profitable signal.
Good luck !
#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, 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
