• The short and medium-term outlook is in a downtrend.
• Traders may consider selling position.

DCR/USD Medium-term Trend: Bearish

Supply zone: $30.00, $32.00, $34.00
Demand zone: $15.00, $14.0, $13.00

DCRUSD continues in a bearish trend in the medium-term outlook. The bears held on to the market after the breakdown at the target predicted at $28.60 on 14th July. The coin dropped further down to $27.52 in the demand area before the close of the market.

The bearish momentum was lost at $26.56 with the formation of the bullish hammer an indication of the bulls’ takeover. The coin was up at $30.51 in the supply area before the end of yesterday session.

The tweezer top as the market opens today’s at $29.66 signaled the bears' returns. Increased bearish momentum dropped the cryptocurrency don to $6.17 in the demand area.

The stochastic oscillator signal points down at 37% and price is below the two EMAs.

$26.00 in the demand area is on the card as the bears' pressure becomes stronger in the medium-term.

DCR/USD Short-term Trend: Bearish

The bulls lost the momentum at $30.08 in the supply area as the market opened today with an inverted hammer. Price plummeted to $28.37, breaking the 10-EMA. Increased bearish momentum led toa further drop to $26.17 in the demand area.

The bullish flag is been created and a breakdown of the trendline will open the door for bears resumption.

$25.00 in the demand area is the bears' target in the short-term.

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