• 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.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.