The word 'prophecy' is a noun and so doesn't have tenses. Only verbs have tenses.
It is the present continuous tense.
The present continuous tense of study is "am/is/are studying." For example, "I am studying," "He is studying," "They are studying."
The present continuous tense of 'believe' is:I am believingYou/We/They are believingHe/She/It is believing
The present continuous tense of 'precede' is:I am preceding.You/We/They are preceding.He/She/It is preceding.
The present continuous tense of look is:I am looking.We/You/They are looking.He/She/It is looking.
The present continuous tense of stop is:I am stopping.He/She/It is stopping.You/We/They are stopping.
The present continuous tense of 'lay' is 'is laying' or 'are laying'.
Actually, "have" is the present tense form for first and second person plural (I, you, we, they) while "has" is the present tense form for third person singular (he, she, it). For example: "I have, you have, we have, they have" versus "he has, she has, it has."
Past perfect tense, past perfect continuous tense, present perfect tense, present perfect continuous tense, future perfect tense and future perfect continuous tense.
1)Simple Present Tense, 2)Simple Past Tense, 3)Simple Future Tense, 4)Present Continuous Tense, 5)Past Continuous Tense, 6)Future Continuous Tense, 7)Presnt Perfect Tense, 8)Past Perfect Tense, 9)Future Perfect Tense, 10)Present Perfect Continuous Tense, 11)Past Perfect Continuous Tense, 12)Future Perfect Continuous Tense.
Present continuous tense of decorate:I am decoratingWe are decoratingYou are decoratingHe/She/It is decoratingThey are decorating
Present continuous tense of craft:I am craftingWe are craftingYou are craftingHe/She/It is craftingThey are crafting