DECRED - DCR/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	DCRUSDT
ISIN:

DECRED - DCR/USDT - Weekly - Technical analysis published on 12/24/2020 (GMT)

Londinia

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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

83%

11%

My opinion

Bullish above 20.38 USDT

My targets

35.25 USDT (+5.00%)

42.46 USDT (+26.47%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on DECRED - DCR/USDT. This is a positive signal for buyers. As long as the price remains above 20.38 USDT, a purchase could be considered. The first bullish objective is located at 35.25 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 42.46 USDT as an objective. Crossing it would then enable buyers to target 52.71 USDT. In the event of a return below 20.38 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

7.1

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 33.57 USDT. Over 5 days, this instrument lost -7.29% with the lowest point at 31.11 USDT and the highest point at 36.29 USDT. The deviation from the price is +7.91% for the low point and -7.50% for the high point.

31.11

36.29

33.57

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

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

Abnormal volumes on DECRED - DCR/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Weekly chart of DECRED - DCR/USDT indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal support is broken

Type : Bearish

Timeframe : Weekly

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Weekly

Long white line

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	13.93	33.57	35.25	52.71	76.91
Change (%)	-58.50%	-	+5.00%	+57.02%	+129.10%
Change	-19.64	-	+1.68	+19.14	+43.34
Level	Intermediate	-	Major	Minor	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	26.52	28.76	30.42	32.66	34.32	36.56	38.22
Camarilla	31.02	31.38	31.73	32.09	32.45	32.81	33.16
Woodie	26.24	28.62	30.14	32.52	34.04	36.42	37.94
Fibonacci	28.76	30.25	31.17	32.66	34.15	35.07	36.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.79	18.27	26.15	33.63	41.51	48.99	56.87
Camarilla	29.82	31.22	32.63	34.04	35.45	36.86	38.26
Woodie	11.00	18.37	26.36	33.73	41.72	49.09	57.08
Fibonacci	18.27	24.13	27.76	33.63	39.49	43.12	48.99

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	73.56
MACD (12,26,9):	3.8900
Directional Movement:	35.71
AROON (14):	71.43
DEMA (21):	25.06
Parabolic SAR (0,02-0,02-0,2):	17.11
Elder Ray (13):	10.29
Super Trend (3,10):	15.44
Zig ZAG (10):	33.70
VORTEX (21):	1.1500
Stochastique (14,3,5):	67.36
TEMA (21):	28.90
Williams %R (14):	-25.91
Chande Momentum Oscillator (20):	22.01
Repulse (5,40,3):	10.2200
ROCnROLL:	1
TRIX (15,9):	1.4200
Courbe Coppock:	182.50

MA7:	34.04
MA20:	29.80
MA50:	24.24
MA100:	18.18
MAexp7:	27.28
MAexp20:	21.02
MAexp50:	18.99
MAexp100:	21.74
Price / MA7:	-1.38%
Price / MA20:	+12.65%
Price / MA50:	+38.49%
Price / MA100:	+84.65%
Price / MAexp7:	+23.06%
Price / MAexp20:	+59.71%
Price / MAexp50:	+76.78%
Price / MAexp100:	+54.42%

Quotes : 2020-12-24 11:13:57 - Real time data - Cryptocompare

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

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