DECRED - DCR/USDT - 1H - Technical analysis published on 12/20/2019 (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 bullish
De fond:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 17.04 USDT
My targets
18.66 USDT (+5.14%)
19.18 USDT (+8.06%)
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 17.04 USDT, a purchase could be considered. The first bullish objective is located at 18.66 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 19.18 USDT as an objective. Crossing it would then enable buyers to target 19.87 USDT. In the event of a return below 17.04 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.4
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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 rating is 17.75 USDT. On the day, this instrument gained +2.60% with the lowest point at 16.79 USDT and the highest point at 18.11 USDT. The deviation from the price is +5.72% for the low point and -1.99% for the high point.16.79
18.11
17.75
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H 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.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support 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 | 15.16 | 16.50 | 17.04 | 17.75 | 17.77 | 19.18 | 19.87 |
| Change (%) | -14.59% | -7.04% | -4.00% | - | +0.11% | +8.06% | +11.94% |
| Change | -2.59 | -1.25 | -0.71 | - | +0.02 | +1.43 | +2.12 |
| Level | Minor | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.34 | 15.92 | 16.61 | 17.19 | 17.88 | 18.46 | 19.15 |
| Camarilla | 16.95 | 17.07 | 17.18 | 17.30 | 17.42 | 17.53 | 17.65 |
| Woodie | 15.40 | 15.95 | 16.67 | 17.22 | 17.94 | 18.49 | 19.21 |
| Fibonacci | 15.92 | 16.41 | 16.71 | 17.19 | 17.68 | 17.98 | 18.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.68 | 17.89 | 18.66 | 19.87 | 20.64 | 21.85 | 22.62 |
| Camarilla | 18.90 | 19.08 | 19.26 | 19.44 | 19.62 | 19.80 | 19.99 |
| Woodie | 16.47 | 17.78 | 18.45 | 19.76 | 20.43 | 21.74 | 22.41 |
| Fibonacci | 17.89 | 18.64 | 19.11 | 19.87 | 20.62 | 21.09 | 21.85 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.74 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 14.17 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 17.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.07 | |
| Elder Ray (13): | 0.21 | |
| Super Trend (3,10): | 17.30 | |
| Zig ZAG (10): | 17.75 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 73.17 | |
| TEMA (21): | 17.85 | |
| Williams %R (14): | -32.73 | |
| Chande Momentum Oscillator (20): | 0.61 | |
| Repulse (5,40,3): | -0.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 8.27 |
| MA7: | 18.14 | |
| MA20: | 19.17 | |
| MA50: | 19.77 | |
| MA100: | 18.66 | |
| MAexp7: | 17.73 | |
| MAexp20: | 17.46 | |
| MAexp50: | 17.25 | |
| MAexp100: | 17.43 | |
| Price / MA7: | -2.15% | |
| Price / MA20: | -7.41% | |
| Price / MA50: | -10.22% | |
| Price / MA100: | -4.88% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +1.66% | |
| Price / MAexp50: | +2.90% | |
| Price / MAexp100: | +1.84% |
This member declared not having a position on this financial instrument or a related financial instrument.
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