DECRED - DCR/USD - Daily - Technical analysis published on 09/25/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 26.64 USD
My targets
21.76 USD (-10.56%)
20.29 USD (-16.61%)
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 26.64 USD. The sellers' bearish objective is set at 21.76 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20.29 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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
DECRED - DCR/USD rating 24.33 USD. The price has increased by +2.83% since the last closing and was between 22.42 USD and 24.81 USD. This implies that the price is at +8.52% from its lowest and at -1.93% from its highest.22.42
24.81
24.33
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DECRED - DCR/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DECRED - DCR/USD chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 20.29 | 24.33 | 26.64 | 36.38 | 52.76 |
| Change (%) | -16.61% | - | +9.49% | +49.53% | +116.85% |
| Change | -4.04 | - | +2.31 | +12.05 | +28.43 |
| Level | Intermediate | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.46 | 20.89 | 22.27 | 23.70 | 25.08 | 26.51 | 27.89 |
| Camarilla | 22.89 | 23.15 | 23.40 | 23.66 | 23.92 | 24.18 | 24.43 |
| Woodie | 19.45 | 20.88 | 22.26 | 23.69 | 25.07 | 26.50 | 27.88 |
| Fibonacci | 20.89 | 21.96 | 22.62 | 23.70 | 24.77 | 25.43 | 26.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.72 | 14.59 | 19.12 | 25.99 | 30.52 | 37.39 | 41.92 |
| Camarilla | 20.53 | 21.57 | 22.62 | 23.66 | 24.71 | 25.75 | 26.80 |
| Woodie | 6.56 | 14.01 | 17.96 | 25.41 | 29.36 | 36.81 | 40.76 |
| Fibonacci | 14.59 | 18.94 | 21.63 | 25.99 | 30.34 | 33.03 | 37.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.78 | 15.41 | 21.76 | 32.39 | 38.74 | 49.37 | 55.72 |
| Camarilla | 23.44 | 25.00 | 26.55 | 28.11 | 29.67 | 31.22 | 32.78 |
| Woodie | 2.64 | 14.34 | 19.62 | 31.32 | 36.60 | 48.30 | 53.58 |
| Fibonacci | 15.41 | 21.90 | 25.90 | 32.39 | 38.88 | 42.88 | 49.37 |
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): | 37.41 | |
| MACD (12,26,9): | -1.5100 | |
| Directional Movement: | 3.06 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 23.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.90 | |
| Elder Ray (13): | -1.50 | |
| Super Trend (3,10): | 33.35 | |
| Zig ZAG (10): | 23.91 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 20.82 | |
| TEMA (21): | 23.15 | |
| Williams %R (14): | -78.25 | |
| Chande Momentum Oscillator (20): | -3.00 | |
| Repulse (5,40,3): | -4.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6600 | |
| Courbe Coppock: | 28.98 |
| MA7: | 24.13 | |
| MA20: | 26.27 | |
| MA50: | 29.30 | |
| MA100: | 27.16 | |
| MAexp7: | 24.23 | |
| MAexp20: | 25.95 | |
| MAexp50: | 27.64 | |
| MAexp100: | 30.02 | |
| Price / MA7: | +0.83% | |
| Price / MA20: | -7.38% | |
| Price / MA50: | -16.96% | |
| Price / MA100: | -10.42% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | -6.24% | |
| Price / MAexp50: | -11.98% | |
| Price / MAexp100: | -18.95% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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