• DCR/USD market has now dominated by range price movements.
• The bulls are seemingly bracing up to take charge of the trade.

DCR/USD Medium-term Trend: Ranging

• Resistance levels: $32, $34, $36
• Support levels: $26, $24, $22

The market operations between DECREED and the US dollar have now come under a range moving mode around $30 and $28 price levels. The pair was fluctuating closely to the $28 lower choppy line between July 18 and 19. Presently, the market has been hovering around the $30 mark.

The trading indicators are now within the choppy market zones. The Bollinger Middle Band is at the median point with the 50-day SMA indicator located nearly below it. The Stochastic Oscillators have crossed the hairs within ranges of 60 and 40 towards the south.

The crypto has now been trying to gain a grand against the bears’ force in the market. A reversal move against the lower range line or a breakout of the upper choppy spot will be a sign of the bulls’ coming back in the market.

DCR/USD Short-term Trend: Ranging

There has been a series of lower lows and lower highs in the short-term run of DCR/USD market as at the time of writing today. There was a small sign in yesterday’s trading session trend denoting a slight increase in the value of the crypto-market. All the trading indicators are within range market regions of $30 and $29 marks. The stochastic Oscillators have closed the hairs near range 20.

In the viewpoint of this crypto-market, the bulls are seemingly bracing up to take charge of the trade. Therefore, traders are enjoined to watch out for a good buy set-up before taking a long order of the crypto-market

Decred:

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