Recent price action looks to be a continuation of trend on DCR. The 38 has been holding up pretty well so far, with only a wick below. Struggling to see this hold though. I'd be looking for price to visit the 50 within the next couple of months.
IF price makes it to the 50, I'd consider it a great op to get long. Against BTC there was a decent reaction at a...
Posted this on twitter a while back and the triangle is testing the upper range, if it breaks we will retest then consolidate and then blow through to test ATH.
The repression of DCR's break out will soon subside.
- We note two large daily wicks towards ~23.875
- Liquidity on the books will soon be unable to hold. As a result we begin to see large daily wicks as the sell side is lifted without
liquidity to back the price stall.
- With over 50% of the circulation locked up in staking, the upside pressure will soon take...
Technical analysis:
. DECRED/USDollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
.The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a...
Decred buyers are attempting to rally price above the psychological $20.00 resistance level, following a strong reversal from the $17.50 level earlier this week.
The DCR/USD pair has rallied by over 30 percent from its November price low and is currently trading around 10 percent above its December price low.
Technical analysis shows that the DCR/USD pair is...
Decred has been on the rise since Chinese President Xi Jinping’s positive comments towards blockchain and cryptocurrencies, with the DCR / USD pair exploding by around 100% from its 2019 trading low.
The powerful rally has changed the short-term, but not the medium-term outlook for Decred, after the cryptocurrency previously suffered four consecutive months of...
Fundamental Analysis
Decred has gained bullish momentum after Coinbase announced that it is considering to add Decred and other 7 tokens to its platform. If listed on Coinbase, the project can get additional liquidity which will attract more investors and users to its network.
Decred / USD Short-term price analysis
Decred has a bearish short-term outlook, with...
Decred / USD Short-term price analysis
Decred has a bearish short-term outlook, with the cryptocurrency trading below critical resistance on the four-hour time frame.
The four-hour time frame shows that a bearish head and shoulders pattern has been triggered, with the DCR / USD pair trading below key neckline resistance.
Technical indicators are mixed across the...
In the first half of 2019, investors in crypto-currencies returned to fundamentals:
The market speaks for itself about altcoins which are mostly empty shells.
In 2019, obviously the market is not mistaken and plebicite essentially, not to say exclusively, the only cryptocurrencies that have the characteristics of RESERVES OF VALUE: Bitcoin and Litecoin.
If we...
This is labeled "Short" to prepare you for a reversal SOON to come back down to test support. We still have upward pressure at the moment but still expect us to reverse to downward pressure soon. This appears to be nearing the close of the peak of a Simple Rally in Phase B. Which means we may soon reverse to downward pressure to come back down and test support....
