4th Crypto Bottom Report | 90: Decred (DCR) Technical Analysis

During the 4th Crypto Cycle

Decred's Fall

Cycle Rank

#90

Symbol

DCR

Cycle Fall

-95.23%

Cycle Time

916 Days

Decred's Fall

Fall Chart Explanation

This chart shows the percentage fall of Decred during the 4th cycle. There is an indicator for the top, and another for the bottom. It also shows how much this fall took in days, along with the date for the top and bottom. The shaded area denotes the fall itself.

Relative Strength Index vs Price

RSI vs Price

RSI at Price Top

79.22

RSI at Price Bottom

14.44

RSI vs Price

RSI Chart Explanation

This chart shows the Relative Strength Index (RSI) of Decred during the 4th cycle fall. The RSI tells you when a coin is overvalued or undervalued. The RSI is usually placed below and separate from the price chart, but here, we combined them. We were able to combine them because we know the top and bottom, so we can lock the RSI 0 to the bottom and the RSI 100 to the top. The shaded area on the top means the price was overvalued, and the shaded area on the bottom is the undervalued area. We used the classical 30/70 RSI to determine these areas.

Simple Moving Averages vs Price

Decred's MAs

50MA to Price Bottom

-10.19%

100MA to Price Bottom

-14.35%

200MA to Price Bottom

-23.85%

50/100/200 Day Simple Moving Average

50/100/200 MA Chart Explanation

This chart shows the 50, 100 and 200 Day Simple Moving Average for the bottoming period of Decred during the 4th cycle. So what does this mean? The 50MA, or 50SMA, simply means the average price for the past 50 days. 100MA means 100 days and 200MA means the average price for the last 200 days. "Simple" means that each day has equal weight, its a simple average. A 50MA reading of -10% means the price was 10% below the 50MA at that point in time. MAs help us identify price trends and trend reversals. MAs also help us identify when an asset has deviated strongly from its average behavior, identifying opportunities. It also tells us the strength of that deviation.

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