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Decred

Cautiously Optimistic About Long-Term Prospect of DCR/BTCDecred's Politeia system released these days, which is great fundamental news. The volume remains low, unfortunately, and this is the main reason for my reserved optimism. Technically, we're in the area of a major support trendline so that does look good, coupled with the great fundamentals (more releases coming soon, like privacy). I'm watching this and holding but things are to be determined. While the volume is so slow, I expect it to stagnate and go sideways - but this could change as we approach the trendline.
by Skanda
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
D
by CryptalDash
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.
DLong
by WiseAnalyze
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
POLONIEX:DCRUSDLong
by ForecastCity
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
POLONIEX:DCRUSDLong
by ForecastCity
2
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.
Long
by AlanSantana
13
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
Long
by ForecastCity
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
Long
by ForecastCity
1
[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 !
Long
by MikeCryptoSignals