Dogecoin Price Technical Analysis (2nd Feb - 8th Feb) - Doge Is All About Stability
Dogecoin price stabilized between 62 and 65 satoshis throughout the past week (2nd - 8th February). Dogecoin is continuing to prove that it is a rather stable cryptocurrency in the face of the high volatility of bitcoin. By studying the 1 day Hitbtc (Doge/BTC) from tradingview.com (look at the below chart), we can see that dogecoin price has been trading between 62 and 65 satoshis last week. The price is going away from the 52 satoshis support level as per our Fibonacci retracements that we plotted a couple of weeks ago as shown by an upwards sloping 10 day EMA on the 1 day charts (the....
Related News
Dogecoin price traded yesterday between 56 and 62 satoshis, which points to the relative stability of dogecoin price in the face of the high volatility of other cryptocurrencies at the moment. By studying the 1 day Hitbtc (DOGE/BTC) charts from tradingview.com and plotting the MACD indicator accordingly (look at the below chart), we can see how dogecoin price increased yesterday from 56 to 62 satoshis. If the current uptrend continues to push the price above the 50% Fibonacci retracement level (64.5 satoshis) as per our yesterday's analysis, we can expect the price to rise to test the 62%....
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 price ranged between 56.6 and 63.2 satoshis on Cryptsy throughout yesterday's trading sessions. Although the price is still within the range we identified during yesterday's analysis, higher highs have been recorded throughout the past 3 days. Note: We will be analyzing the 1 day (DOGE/BTC) charts from Hitbtc and Cryptsy throughout this analysis. By studying the 1 day (DOGE/BTC) Hitbtc charts from tradingview.com and plotting the OBV oscillator (look at the below chart), we can conclude the following: Although yesterday's dogecoin price low is lower than that of the previous day,....
Technical analysis shows that Dogecoin (DOGE) may be set for an upside move after dropping to a major support level. This and other imminent bullish developments in the meme coin’s ecosystem suggest it may be the right time to invest in the crypto token. Time To Go Long On Dogecoin? Crypto analyst BitLuxe revealed in […]
The Dogecoin price surged near 1.5% against the BTC during the March 11th trading session, thereby establish smaller bullish corrections in an already bearishly-biased market. The market however continues to face strong upside risks that, if tested, could really pulldown price back to invalidate the currency near-term bull sentiment. Following is the elaboration of this theory. As you can notice the DOGE/BTC 4H Chart above, sponsored by Trading View, the Dogecoin price has clearly formed new higher highs in order to test the 61.8% retracement - aligning with 54. Just after that, you could....