DECRED - DCR/USDT

- USDT (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

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Type:	Cryptocurrencies
Ticker:	DCRUSDT
ISIN:

DECRED - DCR/USDT - Daily - Technical analysis published on 12/12/2020 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

39%

28%

33%

My opinion

Bullish above 20.91 USDT

My targets

29.14 USDT (+9.62%)

31.24 USDT (+17.53%)

My analysis

The bullish trend is currently very strong on DECRED - DCR/USDT. As long as the price remains above the support at 20.91 USDT, you could try to benefit from the boom. The first bullish objective is located at 29.14 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 31.24 USDT as an objective. Crossing it would then enable buyers to target 35.23 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dallas28. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DECRED - DCR/USDT rating 26.58 USDT. The price registered an increase of +7.09% on the session with the lowest point at 24.80 USDT and the highest point at 26.97 USDT. The deviation from the price is +7.18% for the low point and -1.45% for the high point.

24.80

26.97

26.58

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Daily of this DECRED - DCR/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.01	18.38	20.91	26.58	31.24	35.23	52.71
Change (%)	-39.77%	-30.85%	-21.33%	-	+17.53%	+32.54%	+98.31%
Change	-10.57	-8.20	-5.67	-	+4.66	+8.65	+26.13
Level	Intermediate	Minor	Intermediate	-	Intermediate	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.72	21.63	23.22	25.13	26.72	28.63	30.22
Camarilla	23.86	24.18	24.50	24.82	25.14	25.46	25.78
Woodie	19.57	21.55	23.07	25.05	26.57	28.55	30.07
Fibonacci	21.63	22.96	23.79	25.13	26.46	27.29	28.63

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-1.22	10.07	18.93	30.22	39.08	50.37	59.23
Camarilla	22.25	24.10	25.94	27.79	29.64	31.48	33.33
Woodie	-2.44	9.46	17.72	29.61	37.87	49.76	58.02
Fibonacci	10.07	17.77	22.52	30.22	37.92	42.67	50.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.50	7.06	15.82	20.38	29.14	33.70	42.46
Camarilla	20.91	22.13	23.35	24.57	25.79	27.01	28.23
Woodie	4.59	8.11	17.91	21.43	31.23	34.75	44.55
Fibonacci	7.06	12.15	15.30	20.38	25.47	28.62	33.70

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.08
MACD (12,26,9):	2.1300
Directional Movement:	28.75
AROON (14):	42.86
DEMA (21):	27.73
Parabolic SAR (0,02-0,02-0,2):	40.14
Elder Ray (13):	0.11
Super Trend (3,10):	23.48
Zig ZAG (10):	26.93
VORTEX (21):	1.0500
Stochastique (14,3,5):	28.87
TEMA (21):	27.80
Williams %R (14):	-72.66
Chande Momentum Oscillator (20):	3.06
Repulse (5,40,3):	-1.5100
ROCnROLL:	1
TRIX (15,9):	1.7500
Courbe Coppock:	42.54

MA7:	26.72
MA20:	24.73
MA50:	19.25
MA100:	15.89
MAexp7:	26.38
MAexp20:	24.72
MAexp50:	20.88
MAexp100:	18.15
Price / MA7:	-0.52%
Price / MA20:	+7.48%
Price / MA50:	+38.08%
Price / MA100:	+67.28%
Price / MAexp7:	+0.76%
Price / MAexp20:	+7.52%
Price / MAexp50:	+27.30%
Price / MAexp100:	+46.45%

Quotes : 2020-12-12 13:30:59 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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