Dogecoin Price Technical Analysis - 42.0 Satohis is Significant Resistance

Dogecoin Price Technical Analysis - 42.0 Satohis is Significant Resistance

Dogecoin Price Key Highlights. Dogecoin price moved lower and broken an important support area around 42.0 Satoshis. A bullish trend line and support area was breached to open the doors for more losses. 0 Satoshis might now act as a resistance, as the 100 hourly simple moving average is also positioned around the stated level. Dogecoin price is under the bearish pressure as sellers managed to take the price below a critical support area. Importance of 100 MA. As highlighted in the weekly analysis there were some signs of relief for the Dogecoin price, but that did not last forever. There....


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Dogecoin Price Technical Analysis - Breakdown Looks like the Real Deal

Key Highlights. It looks like there is no stopping the sellers, as the Dogecoin price continued to weaken Intraday. Yesterday's highlighted sell idea played well, as the price declined below 35.0. The hourly RSI is below the 50 level, signaling the fact that buyers are struggling to gain traction. Dogecoin price broke yesterday's low of 34.7 Satoshis to trade towards 30.0 Satohis which seems to be an important support area. What we can expect next? The Dogecoin price formed a new weekly low around 30.0 Satoshis, which represents a major support area and might ignite a corrective rally.....

Dogecoin Price Technical Analysis - Target Hit: Another Leg Lower?

Key Highlights. Dogecoin price moved lower and tested the last swing low of 36.5 Satoshis as forecasted in yesterday's post. The price even traded below the mentioned level as sellers succeeded in breaking it to form a new low of 34.7 Satoshis. The price is still under the bearish pressure, and the idea to sell rallies look like a good deal. Dogecoin price formed a new low below 35.0 Satohis, as the bearish pressure overwhelmed buyers who failed to take the price higher. Selling Rallies a Good Idea? The Dogecoin price continued to move lower as there was a lot of bearish pressure as....

Dogecoin Price Technical Analysis - A Repeat of Previous Consolidation?

Dogecoin Price Key Highlights. Dogecoin price is once again settling around the bottom half of its range visible on the 1-hour time frame, creating a mini-range just above support. This pattern has been seen in the past, with price favoring a downside break and further losses. Dogecoin price is currently stuck in a tighter short-term range but could be ready for a breach of support, as this has been the case in the previous consolidation. 100 SMA Resistance. Dogecoin price has made a quick pullback to the 100 SMA, which has served as a dynamic resistance area during the downtrend. This....

Dogecoin Price Technical Analysis - Need to Break 100 MA

Dogecoin Price Key Highlights. Dogecoin price after trading as low as 51.3 Satoshis traded higher, but struggling to clear a major resistance area. There lies a significant resistance around the 100 hourly simple moving average acting as a hurdle for buyers. A break above it is needed if buyers have to take the price higher in the near term. Dogecoin price struggle continued, as the 100 hourly MA is acting as a barrier for more gains. Can Buyers make it? We highlighted in yesterday's post that the Dogecoin price managed to find support near 51.3 Satoshis. It is now making an attempt to....

Dogecoin Price Technical Analysis for 04/12/2015 - Consolidation Underway?

Key Highlights. The Dogecoin price-after failing to break the 35-36 satoshi resistance area-started to consolidate in a range. There is a contracting triangle pattern forming on the hourly chart (price feed from HitBTC) that may act as a catalyst for the next move. As mentioned earlier, the price remains at a risk of more losses as long as it is below the stated resistance area. Dogecoin price started to consolidate intraday, and is currently looking for a reason to move higher. Let's analyze whether buyers can step in or not. Contracting Triangle Formation. We recently highlighted in a....