Dogecoin Price Technical Analysis for 9/4/2015 - Holding Ground
Dogecoin seems to have formed a trading range which has the put the risk/reward ratio highly in favor of traders. As expected, the price has not violated the support level of 43 satoshis and has rebounded strongly, approving it as a near-term floor. In another shot at taking out the resistance of 50 satoshis, Dogecoin has failed miserably. In my previous analysis, it was discussed that volatility may continue to play a decisive role, and the price is indeed oscillating wildly in the range. As of this moment, each Dogecoin is worth 47.9 satoshis. After analyzing the 240-minute....
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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....
Dogecoin has unshackled itself from the tapering price range as it witnessed a massive collapse below the level of 50.8 satoshis to a low of roughly 43 satoshis. However, after much struggle, the cryptocurrency has managed to recoup major losses and is now worth 48.9 satoshis. Here, the 240-minute Dogecoin/BTC price chart has been technically analyzed to find new resistance and support levels. Price Structure - The frightening crash seen in Dogecoin as it failed to rise above the 20-4h simple moving average has seriously damaged the price structure. The cryptocurrency has been trying to....
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....
Dogecoin is trading flat on a day-to-day basis after being hit by a bout of volatility. After making some very unnerving moves, Dogecoin price is trying to stabilize near the current level of 47 satoshis with minor price fluctuations. By technically analyzing the 240-minute Dogecoin price/Bitcoin price chart, it can be inferred that the balance is only slightly tilted in favor of the bears however, the bulls are making strong efforts to keep the losses to a minimum. Dogecoin Price Chart Structure - Continuing with the fall post the failed breakout, Dogecoin slipped to a low of a 45.6....
Dogecoin price continued to consolidate around 48 to 49 satoshis on Hitbtc in the past couple of days, as the lack of a fresh market catalyst kept ranges intact. Trading activity has been subdued in cryptocurrency pairs towards the end of the week, with market participants booking profits off current dogecoin price levels. Looking at the 1-hour chart of DOGE/BTC from tradingview.com shows that technical indicators are hinting at further consolidation for the meantime:100 and 20 exponential moving averages are treading sideways and moving closer, confirming range-bound movement between....