Dogecoin Price Technical Analysis - More Bears Out to Play!

Dogecoin Price Technical Analysis - More Bears Out to Play!

Dogecoin Price Key Highlights. Dogecoin price did indicate further downside momentum, as predicted in an earlier technical analysis write-up on the consolidation pattern repeating itself. With the downside break, more sellers could hop in the ongoing downtrend and push dogecoin price to new lows. Dogecoin price confirmed the buildup in bearish pressure with a strong downside break below the consolidation pattern on its 1-hour chart. Where To Next? Price has broken below the previous lows in October 21, hinting that bears are unstoppable at this point. Stochastic and RSI are both on the....


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Dogecoin Technical Analysis for 21/4/2015 - Sell Now and Go Away?

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Dogecoin Technical Analysis for 20/4/2015 - Seller's Play

Dogecoin received a major setback over the weekend as the cryptocurrency failed twice in its attempts to scale Mt. 51 Satoshis. Any surge towards the peak was quickly pulled down by the bears beating the bulls hollow. The current value of each Dogecoin is 48 satoshis. I had mentioned in my earlier analysis that the onus lies on bulls to maintain the positive momentum but, as can be seen, the bears had the last laugh. After technically analyzing the 240-minute Dogecoin/Bitcoin price chart, it can be advised that only short positions should be considered on rallies. Chart Structure - In....

Dogecoin Price Technical Analysis for 9/4/2015 - Holding Ground

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Dogecoin Price Technical Analysis for 8/4/2015 - Bloodbath Expected

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 Price Technical Analysis - Bears Take a Break!

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....