DECRED Price Prediction Today: Daily (DCR) Value Forecast – July 23
- The short and medium-term outlook is in the bearish trend.
- Selling after pullback at key areas may be considered.
DCR/USD Medium-term Trend: Bearish
Supply zone: $30.00, $32.00, $34.00
Demand zone: $15.00, $14.0, $13.00
DCRUSD remains in a bearish trend in the medium-term outlook. $30.00 in the supply area is a critical supply area with rejection and bears strong comeback. The bullish rally was terminated at $29.98 after the bearish spinning top formation. DCRUSD fell to $28.01 in the demand area before the end of yesterday session.
The bears resumed today as the session opened at $28.71 with increased momentum the coin was already down to $27.89 in the demand area as the journey down south continues.
Price is below the two EMAs and the stochastic oscillator signal points down t 16% and an indication of downward momentum continuation in the medium-term.
$26.00 in the demand area is the bears' target as pressure on the coin becomes much stronger.
DCR/USD Short-term Trend: Bearish
The bears lost momentum after the formation of the tweezer bottom at $28.00 in the demand area as yesterday session draws to a close. This implies the bulls return with price back up to $28.00 in the supply area before the end of the session.
The bullish momentum was sustained as the market opens today at $28.60 in the demand area but was lost at $28.93 in the supply area. This was the point bullish exhaustion sets in and the downward continuation resumes as the bears stage a comeback.
Price was already down at $27.71 in the demand area with the correction ongoing as the bulls push price up to create another flag before the second leg of drop when the bears return. This is confirmed by the signal of the stochastic oscillator pointing down at 12% in the oversold region and price lies below the two EMAs that are fanned apart.
Live Decred (DCR) Price:
1 DCR/USD =$147.1022 change ~ 5.05%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.