DECRED Price Prediction Today: Daily (DCR) Value Forecast – July 11
- The short and medium-term outlook is in a bearish trend.
- Responsible selling recommended.
DCR/USD Medium-term Trend: Bearish
Supply zone: $30.00, $35.00, $40.00
Demand zone: $15.00, $10.00, $5.00
DCRUSD continues in a bearish trend in the medium-term outlook. The bears took control of the market at $36.06 in the supply area after the formation of a bearish engulfing candle.
The pressure continues till the close of yesterday session as price plunges to $30.98 in the demand area with the break at the support at the two EMA.
Today’s opening session the bears in control as the market opens at $32.54.the cryptocurrency dropped further to $29.71in the demand area. The formation of a doji signaled a reversal as the bulls stage a comeback as price rose to $31.46 which is around the 23.6fibs area. a trend continuation zone.
The bulls may continue the journey up to the 38.2 before bear return or the downward continuation.
A break at $29.32 in the demand area is imminent as the bears mount pressure in the medium-term.
DCR/USD Short-term Trend: Bearish
The bears took control of the market as the market opens with a doji at $32.53 as the bearish flag returned the bears to the market. Price dropped to $30.43 in the demand area.
The second flag is been created as the bulls pushed price up to $31.37 in the supply area as the signal of the stochastic oscillator points ups.
A break at the flag will return the bears to resume the downward price movement.
$28.00 in the demand area is on the card as the bears pushed price down.
Live Decred (DCR) Price:
1 DCR/USD =$129.4231 change ~ -5.92%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.