• The short and medium-term outlook is in the downtrend.
• Traders may look to sell at bullish exhaustion areas with reversal candlesticks.

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 successfully hit the target at $26.00 in a grand style and further pushed the coin down to $25.49 in the demand area on 16th July. Attempt to continue the journey down south was rejected with the bulls gradually staging a comeback. The market rally shortly after yesterday opening to $29.46 in the supply area.

The resistance at the 50-EMA coupled with the trendline was responsible for upward price rejection as the bears' return. Expectedly a bounce at the trendline confirmed the bears' takeover as the coin fell initially to $27.32 and later to $25.79 in the demand area.

$25.00 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 attempt to take the cryptocurrency beyond $29.50 has been rejected in the last 48 hours. The bears stage a comeback as the coin plunges to $24.48 in the demand area. The rally after yesterday opening session pushed the coin up to$29.46 and lost momentum at the key supply area with exhaustion denoted by wicks in the candle.

The bears returned continued after today opening price at $27.95. $7.40 was the low with increased momentum DCRUSD fell to $25.94 in the demand area.

Another touch at the key supply area occurred as the bulls returned with a large engulfing candle that pushed the coin back up to $29.37 in the key supply area. A rejection occurred with the bears gradually pushing price down south.

$26.00 in the demand area is the bears’ initial target as with increased momentum 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.