Dogecoin Price Technical Analysis for 4/3/15: Little Corrections, Fat Depressions
[Note: The price unit used in the following article is Satoshi.]. The Dogecoin price against Bitcoin seems to be having the roughest time of all top altcoins. The pair has been on an extended downtrend in the wake of recent sharp rallies in Bitcoin market. There is indeed a notable volume shift towards Bitcoin that has impacted the Dogecoin's demand in the market; hence the fat depressions. Speaking of the last 24 hours, the Dogecoin price continued to form lower lows; therefore validating its bearish moods. At one point of time, it dropped to as low as 47.7, invalidating the presumed....
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The Dogecoin price surged near 1.5% against the BTC during the March 11th trading session, thereby establish smaller bullish corrections in an already bearishly-biased market. The market however continues to face strong upside risks that, if tested, could really pulldown price back to invalidate the currency near-term bull sentiment. Following is the elaboration of this theory. As you can notice the DOGE/BTC 4H Chart above, sponsored by Trading View, the Dogecoin price has clearly formed new higher highs in order to test the 61.8% retracement - aligning with 54. Just after that, you could....
[Notice: All the price units are in Satoshi]. The Dogecoin price dropped around only 0.05% against the BTC in over the last 24 hours, but the overall bearish bias in its market continued to sustain. As you can see the 4H HITBTC chart above, the Dogecoin price continue to form lower lows near 40, adding further to the prevailing bearish bias. The Doge market has indeed reacted negatively to the Bitcoin's celebrated bullish rally, as it simply took away a notable chunk of trading volume from the meme cryptocurrency. As a result, we can see how Dogecoin price which, on February 8th, was being....
Dogecoin Price Key Highlights. Dogecoin price has been in a steady downtrend for the past few weeks, as price just broke below a short-term consolidation pattern. Price dipped to the 0.000110 level before showing signs of pulling back to the broken support area. Dogecoin price is retracing to the broken support near the 0.000120 level and may be ready to resume its drop soon. 200 SMA Resistance. At the moment, dogecoin price is retesting the broken support near the 38.2% Fibonacci retracement level. This is in line with the 200 SMA, which is above the short-term 100 SMA and indicating that....
Dogecoin has undergone a massive correction of roughly 10% in the past 24 hours, with the price nose-diving from 49.8 satoshis to 45.1 satoshis. As a result of this fall, Dogecoin has neared the floor of 43 satoshis, which if cracked, could lead to a severe collapse in the price. But, will it? Let us find out with the help of technical analysis below. Technical analysis implemented on the 240-minute Dogecoin/Bitcoin price chart reveals that bears are pouncing on every opportunity to jettison Dogecoin en masse. The support of 43 satoshis may well give way to a lower ground, if bulls....
An absolute calm has engulfed Dogecoin as the price remains trapped in a tight range of 50.8-51.9 satoshis. The market is severely testing the patience of the short-term traders, who now fear that a surprise breakout could trigger huge losses. The market may be waiting for a trigger to break free but until that happens, it would only be wise to trade the range with minimum quantities. Dogecoin price chart, Dogecoin analysis. Nothing much has changed in the past 24 hours in terms of price (the current value of each Dogecoin is 51.1 satoshis) but the chart structure has definitely....