Dogecoin Price Technical Analysis For 6/11/2015 - Recovery Underway?
Key Highlights. Dogecoin price managed to recover ground, as an important support area around 30.0 Satoshis stalled declines. We highlighted a major resistance area in yesterday's post around 38.0-40.0 Satoshis, which is currently acting as a barrier for buyers. The hourly MACD looks like changing slope to the bearish zone, suggesting that the price is struggling to clear the stated resistance area. Dogecoin price managed to correct higher Intraday, but there is no doubt that buyers may find it very difficult to break through the 40.0 Satoshi level. Can we Buy Now? It would be tough to say....
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Dogecoin Price Key Highlights. Dogecoin price continued to remain under the bearish pressure after a critical break below 50.0 Satoshis. There was a nasty move down, which took the price lower, but it was limited due to buyers putting up a fight. A recovery in underway, but it looks like buyers are struggling to hold the ground. Dogecoin price is under a bearish pressure, as there are many hurdles on the way up, and puts it on the risk of a down-move. Retest of lows? There was a break below a major support area of 50.0 Satoshis, as highlighted in yesterday's post. The downside was as....
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....
Dogecoin Price Key Highlights. Dogecoin price has been trading below a long-term descending trend line for quite some time, but reversal signals are showing up. Price made a sharp upside breakout, hinting that the downtrend might already be over and that it's time for buyers to take charge. Dogecoin price could be in for more gains, as it made a convincing breakout from the descending trend line connecting its latest highs. Waiting for Technical Confirmation. Technical indicators have yet to confirm the dogecoin price rally since the 100 SMA remains below the 200 SMA for now. This suggests....
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....