Dogecoin Price Technical Analysis for 18/03/2015 - Bullish Divergence!
Dogecoin could see more upside momentum, at least on the shorter-term time frames, as a bullish divergence has recently formed. Price made higher lows while stochastic drew lower lows, suggesting a potential rally. Price is making another test of the 50 satoshis level, which has served as a near-term resistance. A break above 50 satoshis and the longer-term moving average (green) could confirm that an uptrend is likely to take place. Moving averages are treading closer together, suggesting the possibility of an upward crossover and a potential rally. Next area of interest is located at the....
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Dogecoin Price Key Highlights. Dogecoin price has been stuck in consolidation for quite some time, as support at the recent lows has been stubbornly holding. Selling pressure may have been exhausted around these levels, with bulls still trying to keep dogecoin price afloat. Dogecoin price might be due for a bounce, with the current floor refusing to give way and a bullish divergence materializing. Higher lows and lower lows. Stochastic has formed higher lows while price has formed lower lows from earlier in the month, creating a bullish divergence signal. This could be a sign that a....
Key Highlights. Dogecoin price moved lower Intraday before finding support around the last swing low of 66.0 Satoshis. A bearish trend line formed on the hourly, which if breached might clear the way for more gains. On the downside, 65.0 Satoshis support area holds a lot of value in the near term. Dogecoin price fell by more than 4% Intraday to trade near a bullish trend line as highlighted recently before a recovering from losses. RSI Break and Divergence. As mentioned, there is a minor bearish trend line formed on the hourly chart of Dogecoin, which is currently staling the upside. The....
Bitcoin has continued its decline since starting the week with a bearish breakout from the weekend consolidation range seen in the 1H chart. During the April 14th session, price fell to about 216 before the global April 15th session began. As we can see in the 1H chart, there is a bullish divergence between price and the RSI (A bullish divergence occurs when price makes lower lows but the RSI makes higher lows). This suggests a shift in momentum, or at least a deceleration, which can be a sign of upcoming consolidation or bullish correction. Bitcoin (BTCUSD) 1H Chart April 15. The 1H chart....
Quiet trade keeps Bitcoin Price in a narrow range just above $300 and 1,900 CNY. On the first day of 2015, the charts have given us a short-term clue for the first time in days. CCN will be providing readers with technical analysis every day throughout the year. Bitcoin Price Analysis. Time of analysis: 12h00 UTC. Bitstamp 4-Hour Chart. Happy New Year, all readers. I declare 2015 a profitable year in the Bitcoin market! The Fib fan line that has been capping the decline since November still imposes overhead resistance. During the final hours of 2014 price had advanced in low liquidity....
Dogecoin price ranged between 58 and 62 satoshis throughout yesterday's trading sessions. Although today the price dropped to 56 satoshis, it recorded a high exceeding 63 satoshis before falling again to 58 satoshis at the time of writing of this article. By observing the 1 day (DOGE/BTC) chart from tradingview.com and plotting the On-Balance Volume (OBV) oscillator (look at the below chart), we can notice the following: Since the 25th of January, dogecoin price has been trading between 56 and 66 satoshis as shown by the trend lines on the below chart. The OBV oscillator curve is sloping....