DECRED - DCR/USD - 1H - Technical analysis published on 06/01/2023 (GMT)
- 100
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 16.16 USD
My targets
15.35 USD (-2.21%)
14.27 USD (-9.13%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DECRED - DCR/USD. As long as you are under the resistance located at 16.16 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 15.35 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 14.27 USD as an objective. Crossing it would then enable sellers to target 13.33 USD. If the resistance 16.16 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DECRED - DCR/USD price is 15.70 USD. The price registered a decrease of -0.06% on the session and was between 15.29 USD and 15.82 USD. This implies that the price is at +2.68% from its lowest and at -0.76% from its highest.15.29
15.82
15.70
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DECRED - DCR/USD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 15.70 | 16.16 | 16.35 | 16.72 |
| Change (%) | - | +2.93% | +4.14% | +6.50% |
| Change | - | +0.46 | +0.65 | +1.02 |
| Level | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.61 | 14.41 | 15.06 | 15.86 | 16.51 | 17.31 | 17.96 |
| Camarilla | 15.31 | 15.44 | 15.58 | 15.71 | 15.84 | 15.98 | 16.11 |
| Woodie | 13.54 | 14.37 | 14.99 | 15.82 | 16.44 | 17.27 | 17.89 |
| Fibonacci | 14.41 | 14.96 | 15.31 | 15.86 | 16.41 | 16.76 | 17.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.33 | 14.27 | 15.35 | 16.29 | 17.37 | 18.31 | 19.39 |
| Camarilla | 15.89 | 16.07 | 16.26 | 16.44 | 16.63 | 16.81 | 17.00 |
| Woodie | 13.41 | 14.31 | 15.43 | 16.33 | 17.45 | 18.35 | 19.47 |
| Fibonacci | 14.27 | 15.04 | 15.52 | 16.29 | 17.06 | 17.54 | 18.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.41 | 11.80 | 13.76 | 17.15 | 19.11 | 22.50 | 24.46 |
| Camarilla | 14.24 | 14.73 | 15.22 | 15.71 | 16.20 | 16.69 | 17.18 |
| Woodie | 7.69 | 11.44 | 13.04 | 16.79 | 18.39 | 22.14 | 23.74 |
| Fibonacci | 11.80 | 13.85 | 15.11 | 17.15 | 19.20 | 20.46 | 22.50 |
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): | 48.22 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -6.13 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 15.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.03 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 15.83 | |
| Zig ZAG (10): | 15.67 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 35.27 | |
| TEMA (21): | 15.40 | |
| Williams %R (14): | -52.33 | |
| Chande Momentum Oscillator (20): | 0.37 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 2.31 |
| MA7: | 16.35 | |
| MA20: | 16.74 | |
| MA50: | 18.12 | |
| MA100: | 19.74 | |
| MAexp7: | 15.53 | |
| MAexp20: | 15.66 | |
| MAexp50: | 15.97 | |
| MAexp100: | 16.21 | |
| Price / MA7: | -3.98% | |
| Price / MA20: | -6.21% | |
| Price / MA50: | -13.36% | |
| Price / MA100: | -20.47% | |
| Price / MAexp7: | +1.09% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | -1.69% | |
| Price / MAexp100: | -3.15% |
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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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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