DECRED - DCR/USDT - Daily - Technical analysis published on 12/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 20.13 USDT
My targets
17.01 USDT (-7.75%)
13.98 USDT (-24.19%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on DECRED - DCR/USDT as long as the price remains well below 20.13 USDT. The next bearish objective for sellers is set at 17.01 USDT. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 13.98 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.1
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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 18.44 USDT. The price is lower by -4.85% since the last closing and was traded between 17.92 USDT and 19.57 USDT over the period. The price is currently at +2.90% from its lowest and -5.77% from its highest.17.92
19.57
18.44
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:
Technical
A technical analysis in Daily of this DECRED - DCR/USDT chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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 : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 13.98 | 17.01 | 18.44 | 18.78 | 22.60 | 25.43 |
| Change (%) | -24.19% | -7.75% | - | +1.84% | +22.56% | +37.91% |
| Change | -4.46 | -1.43 | - | +0.34 | +4.16 | +6.99 |
| Level | Major | Major | - | Intermediate | Minor | Minor |
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 | 17.62 | 18.19 | 18.79 | 19.36 | 19.96 | 20.53 | 21.13 |
| Camarilla | 19.06 | 19.17 | 19.27 | 19.38 | 19.49 | 19.60 | 19.70 |
| Woodie | 17.63 | 18.20 | 18.80 | 19.37 | 19.97 | 20.54 | 21.14 |
| Fibonacci | 18.19 | 18.64 | 18.92 | 19.36 | 19.81 | 20.09 | 20.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.45 | 13.43 | 16.49 | 18.47 | 21.53 | 23.51 | 26.57 |
| Camarilla | 18.16 | 18.63 | 19.09 | 19.55 | 20.01 | 20.47 | 20.94 |
| Woodie | 11.99 | 13.70 | 17.03 | 18.74 | 22.07 | 23.78 | 27.11 |
| Fibonacci | 13.43 | 15.36 | 16.55 | 18.47 | 20.40 | 21.59 | 23.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.81 | 10.11 | 14.83 | 20.13 | 24.85 | 30.15 | 34.87 |
| Camarilla | 16.80 | 17.71 | 18.63 | 19.55 | 20.47 | 21.39 | 22.31 |
| Woodie | 4.52 | 9.97 | 14.54 | 19.99 | 24.56 | 30.01 | 34.58 |
| Fibonacci | 10.11 | 13.94 | 16.30 | 20.13 | 23.96 | 26.32 | 30.15 |
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): | 46.10 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -4.86 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 19.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.05 | |
| Elder Ray (13): | -0.32 | |
| Super Trend (3,10): | 23.06 | |
| Zig ZAG (10): | 18.43 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 51.02 | |
| TEMA (21): | 18.62 | |
| Williams %R (14): | -50.81 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | -2.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 22.50 |
| MA7: | 18.94 | |
| MA20: | 19.76 | |
| MA50: | 18.23 | |
| MA100: | 19.46 | |
| MAexp7: | 18.92 | |
| MAexp20: | 19.19 | |
| MAexp50: | 19.15 | |
| MAexp100: | 20.11 | |
| Price / MA7: | -2.64% | |
| Price / MA20: | -6.68% | |
| Price / MA50: | +1.15% | |
| Price / MA100: | -5.24% | |
| Price / MAexp7: | -2.54% | |
| Price / MAexp20: | -3.91% | |
| Price / MAexp50: | -3.71% | |
| Price / MAexp100: | -8.30% |
This member declared not having a position on this financial instrument or a related financial instrument.
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