DECRED Price Prediction Today: Daily (DCR) Value Forecast – July 25

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  • The short and medium-term outlook is in a downtrend.
  • $26.00 remained a target for the bears.

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 lost momentum at $26.32 in the demand area on 24th July few pips short of $26.00 target predicted. The bulls gradually stage a returned that pushed the coin up at $28.26 in the supply area as today session opened on a bullish note.

The lack of momentum for upward continuation led to a drop in price with the bears taking control of the market.

DCRUSD fell initially to $27.05 and later to $26.64 in the demand area. The downward movement may continue to $26.00 in the demand area as confirmed by the signal stochastic oscillator pointing down at 32% suggesting downward continuation in the medium-term.

DCR/USD Short-term Trend: Bearish

The trendline was resistance against upward price movement as price rose to $28.19 in the supply area shortly after opening. A bounce to the downside expectedly occurred with a drop to $26.64 in the demand area.

A correction is ongoing with a rally to the trendline as indicated by the signal of the stochastic oscillator pointing up at 32% before the bears returned for continuation in the short-term.

$26.00 in the demand area is the bears’ target in the demand area 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.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha

Is Ethereum (ETH) Eyeing a Bear Market in Comparison to What’s in Store for Bitcoin’s Near Future?

Is Ethereum (ETH) Eyeing a Bear Market in Comparison to What's in Store for Bitcoin's Near Future?
  • While Ether’s value has remained fairly stable over the past couple of months, it does not look as though the world’s second largest cryptocurrency (by total market capitalization) is going to witness a bull run anytime in the near future.
  • Ethereum’s technical indicators are currently showcasing the formation of a ‘candle pattern’ — which indicates that a price drop may be incoming for the altcoin.

While the price of Bitcoin continues to surge, it appears as though a number of other premier altcoins are struggling to maintain their bullish momentum. For example, as per a recent study released by popular cryptoanalyst, Josh Rager, Ethereum is currently close to breaking its 3-year support line and will most likely continue to lose value in the coming few months.

This advice seems quite contradictory because the general consensus amongst the global crypto community is that ‘as long as BTC continues to do well, so will the rest of the market”.

In regards to this development, Rager recently sent out the following Tweet:

“Candle body is making a new low for Ethereum as long as Bitcoin continues its Dominance % this will not go well for ETH or most alts. Bitcoin should be the focus at the moment”.

More on the Matter

As things stand, Ethereum is trading around the $288 mark. However, over the course of the last 30 days or so, the currency has seen its value surge to an impressive $330 — only to stoop down to the $265 mark once again. In this regard, a number of commentators have been claiming that a lot of altcoin holders are now dumping their assets in favour of BTC.

Ether’s recent trend chart seems to suggest that the currency may once again be on its way down.

Recently, when BTC stooped below the 11k mark, Tron’s native crypto offering, TRX, witnessed a massive drop in its trade price — thereby, sending the value of the premier cryptocoin down by a whopping 5% or approx. $2 billion within a period of just 24 hours.

During the aforementioned time period, Ether’s value also dropped by around 4.5%.

In closing out this piece, it should be highlighted that a number of crypto proponents are now of the belief that as BTC continues to rally, other altcoins will lose a lot of their market capitalization. It now remains to be seen whether this prediction comes true or not.

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Author: Shiraz J

BINANCE COIN Price Prediction: Long-term (BNB) Value Forecast – June 30

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• The bulls remained in control of the long-term outlook.
• $45.00 in the supply area is on the card.

BNB/USD Long-term Trend: Bullish

Supply zone: $60.00, $80.00, 100.00
Demand zone: $10.00, $8.00, $6.00

BNBUSD continues in a bullish trend in the long-term outlook. The coin was up at $43.15 in the supply area as the week began before the rest the trendline as predicted. The bears’ pressure pushed price down to $39.99 at the trendline on 26th June while price shot up back up to $42.19 in the supply.

$27.06 in the demand area was the low of the week attained on 27th June with the daily candle closing as a bearish spinning top but the bears could not push further down.

Price is above the 50-EMA while the signal of the stochastic oscillator is undefined at 43% suggesting a sideways market before bullish continuation in the long-term in days ahead.

A retest of the previous high of 22nd June at $43.19 in the supply area may occur as the bulls’ pressure becomes much stronger and more candles opened and closed above the two EMAs

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

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Azeez Mustapha

NEO Price Prediction: Long-term (NEO) Value Forecast – June 30

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• The bulls remained in control of the long-term outlook.
• Traders may consider buying with bullish candle reversal pattern as confirmation

NEO/USD Long-term Trend: Bullish

Supply zone: $25.00, $30.00, $35.00
Demand zone: $2.00, $1.00, $0.50

NEO continues in the bullish trend in its long-term outlook. The bullish trend continues as predicted in last week long-term article. The $20.00 target in the supply area was successfully retested on 26th June.

The cryptocurrency rose to $20.00 before the momentum loss that made the bears returned as indicated by the daily candle which closed as a bearish spinning top good reversal signal.

The market correction was necessary as the bears pushed the coin to $15.96 in the demand area on 27th June which is the 38.2 fib area a trend continuation zone. Hence the return by the bulls as and push price back up to $18.76 in the supply area. The week ended on a bullish note.

The signal of the stochastic oscillator points down at 65% suggesting a downward momentum. The 38.2 fibs at $15.96 in the demand area may be the bears’ target before the upward continuation.

$24.00 in the supply area is a key supply area for a retest in the days ahead.

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

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha