Decred(DCR) Has Entered Resistance Area

BITTREX:DCRBTC   Decred / Bitcoin
Decred(DCR) price has tested the 20-Day EMA on more than three occasions in the past week, but it has not been able to go beyond the 20-Day EMA line. The coin price is again likely to test the 20-Day EMA today. Every time coin price fails to break the moving average line, it makes it a stronger resistance level .

However, now the coin has entered esistance zone and it is showing signs of losing momentum. So although DCR coin is in an uptrend, possibility of a bounce down from here can’t be ruled out. DCR has psychological resistance at 0.009 and above that at 0.0088, where a trendline from recent top can act as resistance. On the downside, 0.008 is the point of 50-Day EMA support line.

By the way, MACD line has crossed downwards through the average line which also indicates a bearish market for the coin.
LudwigStirner BenCarson
@BenCarson, still downtrend... may on this weekend
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