DECRED - DCR/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	DCRUSD
ISIN:

DECRED - DCR/USD - Daily - Technical analysis published on 08/25/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 14.89 USD

My targets

12.41 USD (-5.56%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DECRED - DCR/USD as long as the price remains well below 14.89 USD. The sellers' bearish objective is set at 12.41 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.9

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DECRED - DCR/USD rating is 13.14 USD. The price has increased by +2.66% since the last closing and was between 12.79 USD and 13.47 USD. This implies that the price is at +2.74% from its lowest and at -2.45% from its highest.

12.79

13.47

13.14

Here is a more detailed summary of the historical variations registered by DECRED - DCR/USD:

Technical

A technical analysis in Daily of this DECRED - DCR/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	12.41	13.14	14.89	18.13	22.25
Change (%)	-5.56%	-	+13.32%	+37.98%	+69.33%
Change	-0.73	-	+1.75	+4.99	+9.11
Level	Major	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.69	11.67	12.23	13.21	13.77	14.75	15.31
Camarilla	12.38	12.52	12.66	12.80	12.94	13.08	13.22
Woodie	10.49	11.57	12.03	13.11	13.57	14.65	15.11
Fibonacci	11.67	12.26	12.62	13.21	13.80	14.16	14.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.43	8.47	10.75	12.79	15.07	17.11	19.39
Camarilla	11.85	12.25	12.64	13.04	13.44	13.83	14.23
Woodie	6.56	8.53	10.88	12.85	15.20	17.17	19.52
Fibonacci	8.47	10.12	11.14	12.79	14.44	15.46	17.11

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.14	11.93	13.33	15.12	16.52	18.31	19.71
Camarilla	13.85	14.15	14.44	14.73	15.02	15.32	15.61
Woodie	9.95	11.83	13.14	15.02	16.33	18.21	19.52
Fibonacci	11.93	13.15	13.90	15.12	16.34	17.09	18.31

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):	40.65
MACD (12,26,9):	-0.4800
Directional Movement:	-1.41
AROON (14):	-35.72
DEMA (21):	13.04
Parabolic SAR (0,02-0,02-0,2):	10.57
Elder Ray (13):	-0.25
Super Trend (3,10):	15.54
Zig ZAG (10):	13.24
VORTEX (21):	0.9000
Stochastique (14,3,5):	49.73
TEMA (21):	12.80
Williams %R (14):	-45.00
Chande Momentum Oscillator (20):	-1.43
Repulse (5,40,3):	-1.3100
ROCnROLL:	2
TRIX (15,9):	-0.4100
Courbe Coppock:	22.02

MA7:	13.02
MA20:	13.84
MA50:	14.54
MA100:	14.86
MAexp7:	13.12
MAexp20:	13.64
MAexp50:	14.32
MAexp100:	15.26
Price / MA7:	+0.92%
Price / MA20:	-5.06%
Price / MA50:	-9.63%
Price / MA100:	-11.57%
Price / MAexp7:	+0.15%
Price / MAexp20:	-3.67%
Price / MAexp50:	-8.24%
Price / MAexp100:	-13.89%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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