DECRED - DCR/USDT - 1H - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
50%
11%
39%
My opinion
Bullish above 19.64 USDT
My targets
19.94 USDT (+0.76%)
20.43 USDT (+3.23%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for DECRED - DCR/USDT as long as the price remains well above 19.64 USDT. The buyers” bullish objective is set at 19.94 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.43 USDT. If there is any crossing, the next objective would be the resistance located at 20.69 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 19.94 USDT. On this resistance, against the trend traders who would like to go short on DECRED - DCR/USDT with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
2
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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
DECRED - DCR/USDT rating 19.79 USDT. The price registered a decrease of -0.15% on the session and was between 19.38 USDT and 20.22 USDT. This implies that the price is at +2.12% from its lowest and at -2.13% from its highest.19.38
20.22
19.79
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 this 1H chart of DECRED - DCR/USDT indicates that the overall trend is slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.64 | 19.12 | 19.64 | 19.79 | 19.94 | 20.43 | 20.69 |
| Change (%) | -5.81% | -3.39% | -0.76% | - | +0.76% | +3.23% | +4.55% |
| Change | -1.15 | -0.67 | -0.15 | - | +0.15 | +0.64 | +0.90 |
| Level | Minor | Major | 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 | 18.50 | 18.81 | 19.31 | 19.62 | 20.12 | 20.43 | 20.93 |
| Camarilla | 19.60 | 19.67 | 19.75 | 19.82 | 19.89 | 19.97 | 20.04 |
| Woodie | 18.61 | 18.86 | 19.42 | 19.67 | 20.23 | 20.48 | 21.04 |
| Fibonacci | 18.81 | 19.12 | 19.31 | 19.62 | 19.93 | 20.12 | 20.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.77 | 16.85 | 18.85 | 19.93 | 21.93 | 23.01 | 25.01 |
| Camarilla | 20.01 | 20.30 | 20.58 | 20.86 | 21.14 | 21.43 | 21.71 |
| Woodie | 16.24 | 17.08 | 19.32 | 20.16 | 22.40 | 23.24 | 25.48 |
| Fibonacci | 16.85 | 18.02 | 18.75 | 19.93 | 21.10 | 21.83 | 23.01 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.74 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 4.93 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 19.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.20 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 19.30 | |
| Zig ZAG (10): | 19.81 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 50.00 | |
| TEMA (21): | 19.94 | |
| Williams %R (14): | -47.62 | |
| Chande Momentum Oscillator (20): | 0.37 | |
| Repulse (5,40,3): | -0.5100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 2.87 |
| MA7: | 20.17 | |
| MA20: | 19.07 | |
| MA50: | 19.09 | |
| MA100: | 19.17 | |
| MAexp7: | 19.83 | |
| MAexp20: | 19.77 | |
| MAexp50: | 19.78 | |
| MAexp100: | 19.86 | |
| Price / MA7: | -1.88% | |
| Price / MA20: | +3.78% | |
| Price / MA50: | +3.67% | |
| Price / MA100: | +3.23% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.35% |
This member declared not having a position on this financial instrument or a related financial instrument.
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