Dogecoin Price Technical Analysis for 20/11/2015 - Ranging Moves
Key Highlights. There was no major move noted in Dogecoin price, and it looks like it is trading inside a range plus waiting for a catalyst for the next move. Range resistance is around 42.0 Satoshis and the support lies around 36.0 Satoshis. There is a sharp divergence noted in the hourly RSI (price feed from HitBTC) that fails to match the current price action. Dogecoin price continued to move inside a tiny range. A break on the either side may ignite some volatility moving ahead. 42.0 Satoshis as a Resistance. We had a look at the daily timeframe chart of Dogecoin price yesterday and....
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Dogecoin price remains grounded, oscillating between a thin range of 50.8-51.2 satoshis. The 20-4h simple moving average continues to be an unsurpassable hurdle for the Dogecoin as bulls choose not to make any moves in the absence of positive triggers. The current Dogecoin price is 51.1 satoshis, slightly below the upper range of 51.2 satoshis. As can be seen from the 240-minute Dogecoin/BTC price chart, the cryptocurrency is barely moving anywhere. Technical analysis also points to a continuation of the sticky consolidation in the near future. Bollinger Bands - The Bollinger Bands have....
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....
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 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....