DECRED - DCR/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	DCRUSDT
ISIN:

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

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

78%

11%

My opinion

Bullish above 20.38 USDT

My targets

29.14 USDT (+9.83%)

35.23 USDT (+32.79%)

My analysis

DECRED - DCR/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 20.38 USDT. The next resistance located at 29.14 USDT is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 35.23 USDT. After this resistance, buyers could then target 52.71 USDT.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.8

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

The DECRED - DCR/USDT price is 26.53 USDT. Over 5 days, this instrument lost -3.03% and was traded between 24.36 USDT and 34.44 USDT over the period. The price is currently at +8.91% from its lowest point and -22.97% from its highest point.

24.36

34.44

26.53

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Weekly of this DECRED - DCR/USDT chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Long white line

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	13.93	26.53	35.23	52.71	76.91
Change (%)	-47.49%	-	+32.79%	+98.68%	+189.90%
Change	-12.60	-	+8.70	+26.18	+50.38
Level	Intermediate	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.72
MACD (12,26,9):	2.2000
Directional Movement:	36.93
AROON (14):	71.43
DEMA (21):	20.28
Parabolic SAR (0,02-0,02-0,2):	13.90
Elder Ray (13):	9.55
Super Trend (3,10):	15.44
Zig ZAG (10):	26.65
VORTEX (21):	1.0900
Stochastique (14,3,5):	61.74
TEMA (21):	22.83
Williams %R (14):	-48.02
Chande Momentum Oscillator (20):	13.81
Repulse (5,40,3):	-0.2700
ROCnROLL:	1
TRIX (15,9):	0.4900
Courbe Coppock:	84.07

MA7:	26.72
MA20:	24.73
MA50:	19.25
MA100:	15.89
MAexp7:	22.23
MAexp20:	18.14
MAexp50:	17.74
MAexp100:	21.24
Price / MA7:	-0.71%
Price / MA20:	+7.28%
Price / MA50:	+37.82%
Price / MA100:	+66.96%
Price / MAexp7:	+19.34%
Price / MAexp20:	+46.25%
Price / MAexp50:	+49.55%
Price / MAexp100:	+24.91%

Quotes : 2020-12-12 13:37:04 - Real time data - Cryptocompare

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

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