- The current range price movements may still be prolonged until the next trading sessions.
- The bulls in the DCR/USD market now possess the possibility of getting weak soon.
DCR/USD Medium-term Trend: Ranging
- Resistance levels: $32, $34, $36
- Support levels: $24, $22, $20
The market worth of the DCR/USD has been significantly moving in a range in a continuation bid of the previous moving manner it has been seeing. Around June 14, the pair slightly got the dump to the south past $26 horizontal price mark.
Both the Bollinger Middle Band and the 50-day SMA have tightly conjoined within the Bollinger Upper and Lower Bands. The Stochastic Oscillators are now consolidating g around range 80.
There still appears a pace that the DCR/USD market will maintain in a choppy manner for long in the medium-term run. Also, it is agreed upon that three major key market’s lines are involved in the current ranging moves of the DCR/USD trade. And, they are $26, $28 and $30 price levels.
DCR/USD Short-term Trend: Bullish
DCR/USD market has been somewhat experiencing slight increases in its valuation today. The market’s appreciation has been on-going traced back to a sudden spike that emerged at a low price point yesterday. All the indicators are now trending towards the north. The Stochastic Oscillators have now reached range 80. And, they seem to start consolidating around the range zone.
The upward movements of this crypto’s trade are gradually losing out in energy to push northward convincingly. Traders are enjoined to be on the lookout for a decent reversal pattern around the trend-line of the Bollinger Upper Band to short their positions in the market.
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