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DCRUSDT trade ideas

Decred DCR Bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. Decred DCR has a negative overall sentiment recently. I have the following price targets: DCR/USDT short Entry Range: $29 - 31 Price Target 1: $24 Price Target 2: $19 Price Target 3: $18 Stop Loss: $35
Short
by BuySellMarketMaker
DCR/USDT { DECRED } - BULLISH SETUPHello everyone. Happy New year, though it's coming late. It's been a while. How are y'all doing. Making profits, i hope. I have an analysis on DCR/USDT. Hope y'all find it profitable and educative. ANALYSIS 🔎 - DCR /USDT hit an all-time high and retraced. - The retracement was bounded in the falling wedge pattern which is a bullish reversal pattern. - Price brokeout above the falling wedge pattern as expected. - The breakout is retesting the falling wedge resistance and the key fibonacci retracement levels (0.618 - 0.702 - 0.786). - We could see more upside from this zone. BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the horizontal resistance (@39.8). - Limit entry: test of the 0.786 fibonacci retracement level. TARGETS 🎯 - Horizontal resistance level (@57.9). - Horizontal resistance level (@70.4). - Fibonacci extension level 1.0 (@85.0) SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level. - This will lead to a test of the swing low (@19.8), implying a possible formation of a double bottom pattern, which is also a bullish pattern.
Long
by Chibuike_Odoh
1
DCR UP 200% after bullish signal 🚀🚀🚀 Now retrace?DCR pumped 200% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background). DCR broke out of the bullish Zone of the Ichimoku Cloud, which is bullish. The RSI is in the overbought zone at 87. RSI Brown at 108. If we take a look at the Average Directional Index ( ADX DI) its starting to be bearish , as it is pointing downwards. Currently DCR is way above its upper Bollinger Band , Band Basis 20 Period SMA . A retrace back within the Bollinger Band is more likely forming Leg B. The risk to reward right now to enter this trade is bad. Remember to always take profits and use proper risk management! Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Like To Use: In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
by Kch28
#DCR/USDT - Long - Potential 241.03%#DCR/USDT - Long - Potential 241.03% Exchanges: Huobi.pro, KuCoin, Binance Signal Type: Regular (Long) Entry Targets: 1) 16.7-25.2 - 100.0% Take-Profit Targets: 1) 33.9 - 25% 2) 44.6 - 25% 3) 72.5 - 25% 4) 85.7 - 25% Stop Targets: 1) 9.9 - 100.0% Entry Trigger - OnChain seems to be indicating a macro bottom (Glassnode newsletter did an excellent analysis yesterday on this) and DCR has major long term bullish triggers, mainly a weekly RSI trend break. Enjoy. Trailing Configuration: Take-Profit: Percentage (1.0%) Stop: Breakeven - Trigger: Target (1)
Long
by CryptoNicho
3
DECRED, MASSIVE Volatility, SILVER LINING To 100% POTENTIAL!Hello, Welcome to this analysis about Decred on the 2-day timeframe perspectives. In recent times the Cryptocurrency Market moved to the south and many Cryptocurrencies developed critical bearish movements. In such phases where the future of the marker looks increasingly uncertain, it is necessary to spot the Cryptocurrencies within the market that are showing up with potential. Therefore in this case there are the anticyclical movers that are developing important formations which can convert into worthwhile setups to move forward with. In this case, I detected that Decred has recently completed the main Descending-Triangle-Formation with a Massive Breakout above the upper boundary and increasing volatility above the boundary as it is seen in my chart. Now that Decred has shown up with such an extraordinary decisive move this completed the whole formation and Decred is setting up to continue in the breakout direction. Also, Decred has this main Ascending-Trend-Line which is a crucial support and also has broken out above the 50- Moving Average which is great support now. With all these factors Decred has a great setup to continue further with and reach out to the target zones as marked in my chart. When Decred also manages to continue with a new formation in this target zone there is the possibility given that Decred continues in the Bullish-Continuation-Zone marked in green, it will be an interesting development. In this manner, thank you for watching the analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
10