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DCRBTC trade ideas

Decred(DCR) Has Entered Resistance AreaDecred(DCR) price has tested the 20-Day EMA on more than three occasions in the past week, but it has not been able to go beyond the 20-Day EMA line. The coin price is again likely to test the 20-Day EMA today. Every time coin price fails to break the moving average line, it makes it a stronger resistance level. However, now the coin has entered esistance zone and it is showing signs of losing momentum. So although DCR coin is in an uptrend, possibility of a bounce down from here can’t be ruled out. DCR has psychological resistance at 0.009 and above that at 0.0088, where a trendline from recent top can act as resistance. On the downside, 0.008 is the point of 50-Day EMA support line. By the way, MACD line has crossed downwards through the average line which also indicates a bearish market for the coin.
by LudwigStirner
2
DCR / BTC on ascending channel and clear uptrend !The chart of DCR / BTC give us some clear signs to be optimistic for thee following weeks: - It is on a clear uptrend since December - Lately it has been moving on ascending channel, and very recently has rebounded from the bottom of this channel - The MACD is about to cross upward, and the Stoch.RSI suggests that there is plenty of room for the price to move up. We can set up the following trade: Buy below 0.0090 Target at the top of the channel @ 0.0110 If you are patient and willing to wait, if the price breaks the resistance formed by the top of the channel, we might see new highs formed; so for long-term, I would not sell all my DCR at the target. Stop-loss @ 0.00805 Follow us on Telegram @ t.me/cryptowhaletrading
Long
by clopezf25
Decred VS Bitcoin Uptrend ContinuationFollowing the previous idea on Decred VS Bitcoin , the price hit the upside target at 61.8% Fibonacci retracement, that is btc 0.0073. Not only it reached the target but broke above this resistance levels going up to btc 0.009.  Following corrective move down resulted in the previous resistance at btc 0.0073 being rejected twice, after which DCR/BTC produce another higher high. The continuation of the uptrend seems imminent at this point, where Decred could reach the upper trendline of the extended descending channel. The 361.8% retracement corresponds well to the channel trendline and price should aim for btc 0.012 area.
Long
by CryptoPAMM
Decred soon to breakout?DCR has been on a steady uptrend for over a month. The support line is holding extremely well with 4 tests so far. The resistance has been tested 5 times with one false breakout. Bullish descending wedge now nearly formed and breakout looks imminent. Fib levels are holding strong and breakout will test important resistance level. Conservatively, buy on confirmation of breakout at 840k sats and close position at 1040000 sats (141.4% fib level) — resulting in 25% gain. Optimistic - buy at 840k sats, set stop loss at 950k sats once 141.4% fib hit, then keep riding the wave.
by ljb7
5
DCR / BTC building up momentumDCR showing good signs: - Latest uptrend managed to break the previous resistance and turn it into support. - Also found support on the Ichi cloud. - Weekly MACD just crossed bullish and rising. - MA 20 recently crossed above MA 50 and about to cross MA 200, which last happened almost 1 year ago and lead to huge gains in a bull run that lasted for about 2 months. I think buying here is very safe and should provide great profits in the next month or so.
Long
by adi0149
DCR/BTC IDEAThis coin has been experiencing a healthy rise in popularity due to its solid developing team, hybrid PoW and PoS mining, among other factors, and its showing strong resistance to downfalls unlike other cryptos. Keep in mind this is a coin I intend on investing long term, and am currently looking for good entry points to maximize profits in the future. So what do we see from this chart: Price is flerting with the downtrend line, and I belive a correction in price is due for some time now. DMI- and DMI+ crossover, MACD crossover and RSI fall gives us a bearish sign for the momment. But again, this is a solid coin that has been resistant and showing great healthy improvement for the past months, so I wouldn't expect a very sharp fall in price. We can use the following indicators to try and predict where it can drop to. SMA 100 and Fibo 0.50 form a solid support zone right under the downtrend line, and if price actually breaks that line, this could be a target and a very good entry point. Personaly, i'll be watching this coin closely, and if the afore mentioned happens, i'll get in big and hold for the long run. Share your thoughts and ideas please, and feel free to correct me. Daniel
by pazosdaniel