DECRED Price Prediction Today: Daily (DCR) Value Forecast – June 18
- The short-term is in a bearish trend while the medium-term outlook is in the uptrend.
- Responsible buying may be considered at bearish exhaustion areas.
DCR/USD Medium-term Trend: Bullish
Supply zone: $35.00, $40.00, $45.00
Demand zone: $15.00, $10.00, $5.00
DCRUSD is in a bullish trend in the medium-term outlook. After the drawdown to $26.84 at the 50.0 fibs on 16th June. The bears' pressure weakens hence the bulls gradual returned. The market correction by the bears was necessary to guaranty bullish continuation.
Hence the strong bullish momentum with a new high each day. $28.07 and $29.14 were the high of 16th and 17th respectively.
Today’s 4-hour opening candle at $29.24 was a doji an indication a reversal with bears in control of the market. Price dropped to $28.10 with the 50-EMA as bearish exhaustion area in the medium-term.
The stochastic oscillator points down at 67% an indication of downward momentum in price which may be brief before momentum loss and the bulls possible comeback for a continuation.
DCR/USD Short-term Trend: Bearish
The bears remained in control of the short-term outlook as the market open today at $29.08 with a bearish candle. DCRUSD fell to $28.18 after breaking the support at the EMAs.
The bears keep mounting pressure on the price as it dropped further to $27.90 in the demand area. A drop to $27.50 the initial target is imminent before a possible reversal to the upside in the short-term.
The stochastic oscillator signal points at down at 29% which confirm the bears sustained pressure to the target.
Live Decred (DCR) Price:
1 DCR/USD =$196.0756 change ~ -0.99%
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