DECRED - DCR/USDT - 1H - Technical analysis published on 11/05/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
28%
28%
44%
My opinion
Bearish under 20.79 USDT
My targets
18.48 USDT (-5.23%)
16.80 USDT (-13.85%)
My analysis
The strong short-term decline in DECRED - DCR/USDT calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 20.79 USDT, one could consider taking advantage of the short-term movement. The first bearish objective is located at 18.48 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 16.80 USDT as an objective. Crossing it would then enable sellers to target 15.48 USDT. Be careful, a return to above 20.79 USDT could jeopardize the reversal.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
0.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DECRED - DCR/USDT price is 19.50 USDT. The price registered a decrease of -7.14% on the session with the lowest point at 18.43 USDT and the highest point at 21.01 USDT. The deviation from the price is +5.81% for the low point and -7.19% for the high point.18.43
21.01
19.50
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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:
Technical
Technical analysis of DECRED - DCR/USDT in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.48 | 16.80 | 18.48 | 19.50 | 20.79 | 21.88 | 22.99 |
| Change (%) | -20.62% | -13.85% | -5.23% | - | +6.62% | +12.21% | +17.90% |
| Change | -4.02 | -2.70 | -1.02 | - | +1.29 | +2.38 | +3.49 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.88 | 19.95 | 20.85 | 21.92 | 22.82 | 23.89 | 24.79 |
| Camarilla | 21.21 | 21.39 | 21.57 | 21.75 | 21.93 | 22.11 | 22.29 |
| Woodie | 18.80 | 19.91 | 20.77 | 21.88 | 22.74 | 23.85 | 24.71 |
| Fibonacci | 19.95 | 20.70 | 21.17 | 21.92 | 22.67 | 23.14 | 23.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.40 | 12.97 | 16.13 | 17.70 | 20.86 | 22.43 | 25.59 |
| Camarilla | 17.98 | 18.41 | 18.85 | 19.28 | 19.71 | 20.15 | 20.58 |
| Woodie | 12.19 | 13.37 | 16.92 | 18.10 | 21.65 | 22.83 | 26.38 |
| Fibonacci | 12.97 | 14.78 | 15.90 | 17.70 | 19.51 | 20.63 | 22.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.73 | 10.20 | 12.95 | 15.42 | 18.17 | 20.64 | 23.39 |
| Camarilla | 14.27 | 14.74 | 15.22 | 15.70 | 16.18 | 16.66 | 17.14 |
| Woodie | 7.87 | 10.27 | 13.09 | 15.49 | 18.31 | 20.71 | 23.53 |
| Fibonacci | 10.20 | 12.19 | 13.43 | 15.42 | 17.41 | 18.65 | 20.64 |
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): | 45.41 | |
| MACD (12,26,9): | -0.2500 | |
| Directional Movement: | -5.35 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 19.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.42 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 20.81 | |
| Zig ZAG (10): | 19.46 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 25.26 | |
| TEMA (21): | 19.15 | |
| Williams %R (14): | -73.98 | |
| Chande Momentum Oscillator (20): | -2.13 | |
| Repulse (5,40,3): | 0.9700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 23.67 |
| MA7: | 18.83 | |
| MA20: | 15.96 | |
| MA50: | 17.28 | |
| MA100: | 21.33 | |
| MAexp7: | 19.45 | |
| MAexp20: | 19.90 | |
| MAexp50: | 19.61 | |
| MAexp100: | 18.70 | |
| Price / MA7: | +3.56% | |
| Price / MA20: | +22.18% | |
| Price / MA50: | +12.85% | |
| Price / MA100: | -8.58% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | -2.01% | |
| Price / MAexp50: | -0.56% | |
| Price / MAexp100: | +4.28% |
This member declared not having a position on this financial instrument or a related financial instrument.
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