DECRED - DCR/USD - 1H - Technical analysis published on 09/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 25.36 USD
My targets
23.38 USD (-0.64%)
22.52 USD (-4.29%)
My analysis
DECRED - DCR/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 25.36 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 23.38 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 22.52 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 21.45 USD. Beware of a possible return to above the resistance located at 25.36 USD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DECRED - DCR/USD rating 23.53 USD. The price is lower by -0.09% since the last closing and was traded between 22.99 USD and 26.07 USD over the period. The price is currently at +2.35% from its lowest and -9.74% from its highest.22.99
26.07
23.53
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of DECRED - DCR/USD indicates that the overall trend is slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 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 : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.45 | 22.52 | 23.38 | 23.53 | 25.36 | 26.69 | 32.85 |
| Change (%) | -8.84% | -4.29% | -0.64% | - | +7.78% | +13.43% | +39.61% |
| Change | -2.08 | -1.01 | -0.15 | - | +1.83 | +3.16 | +9.32 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Minor |
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 | 20.12 | 21.36 | 22.45 | 23.69 | 24.78 | 26.02 | 27.11 |
| Camarilla | 22.91 | 23.12 | 23.34 | 23.55 | 23.76 | 23.98 | 24.19 |
| Woodie | 20.06 | 21.32 | 22.39 | 23.65 | 24.72 | 25.98 | 27.05 |
| Fibonacci | 21.36 | 22.25 | 22.80 | 23.69 | 24.58 | 25.13 | 26.02 |
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 | 9.07 | 17.56 | 22.83 | 31.32 | 36.59 | 45.08 | 50.35 |
| Camarilla | 24.33 | 25.59 | 26.85 | 28.11 | 29.37 | 30.63 | 31.89 |
| Woodie | 7.47 | 16.76 | 21.23 | 30.52 | 34.99 | 44.28 | 48.75 |
| Fibonacci | 17.56 | 22.81 | 26.06 | 31.32 | 36.57 | 39.82 | 45.08 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.27 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -4.72 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 24.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.00 | |
| Elder Ray (13): | -0.58 | |
| Super Trend (3,10): | 27.87 | |
| Zig ZAG (10): | 23.59 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 26.30 | |
| TEMA (21): | 24.41 | |
| Williams %R (14): | -86.04 | |
| Chande Momentum Oscillator (20): | -0.53 | |
| Repulse (5,40,3): | 3.7900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 4.88 |
| MA7: | 23.89 | |
| MA20: | 25.87 | |
| MA50: | 28.70 | |
| MA100: | 27.19 | |
| MAexp7: | 24.34 | |
| MAexp20: | 24.57 | |
| MAexp50: | 24.49 | |
| MAexp100: | 24.46 | |
| Price / MA7: | -1.51% | |
| Price / MA20: | -9.05% | |
| Price / MA50: | -18.01% | |
| Price / MA100: | -13.46% | |
| Price / MAexp7: | -3.33% | |
| Price / MAexp20: | -4.23% | |
| Price / MAexp50: | -3.92% | |
| Price / MAexp100: | -3.80% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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