Dogecoin Price Technical Analysis for 19/2/2015 - Lazy Candles
Dogecoin price ranged between 58 and 62 satoshis throughout yesterday's trading sessions. Although today the price dropped to 56 satoshis, it recorded a high exceeding 63 satoshis before falling again to 58 satoshis at the time of writing of this article. By observing the 1 day (DOGE/BTC) chart from tradingview.com and plotting the On-Balance Volume (OBV) oscillator (look at the below chart), we can notice the following: Since the 25th of January, dogecoin price has been trading between 56 and 66 satoshis as shown by the trend lines on the below chart. The OBV oscillator curve is sloping....
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As of today, I will start doing a daily dogecoin price technical analysis, so it is rather wise to set up resistance and support levels that will guide us through our analysis during the upcoming couple of weeks. Dogecoin price increased from 59 satoshis to 61 satoshis yesterday. Although the price dropped to 56 yesterday, the bears didn't manage to keep the downtrend rolling to keep the price down. Yesterday's market behavior proves that the 52 satoshi level is supporting the price well, as shown by the long downwards shadows of the candlesticks corresponding to today's and yesterday's....
An analyst has pointed out how Dogecoin has just seen a short-term buy signal on the same indicator that captured the latest local top in its price. TD Sequential Has Just Formed A Buy Signal For Dogecoin In a new post on X, analyst Ali Martinez has talked about a Tom Demark (TD) Sequential signal that has appeared in the hourly price chart of Dogecoin. The TD Sequential is an indicator from technical analysis (TA) that’s used to locate potential reversal points in an asset’s price. The indicator works by counting up candles printed in the same color. These candles may or may....
Dogecoin has seen a Tom Demark (TD) Sequential sell signal on its 3-day chart, a potential sign that the memecoin could see a bearish reversal. TD Sequential Has Formed A Sell Setup For Dogecoin As highlighted by analyst Ali Martinez in an X post, the TD Sequential has just flashed a signal for Dogecoin’s 3-day price. The TD Sequential here refers to an indicator from technical analysis (TA) that’s generally used for pinpointing locations of probable turnaround in a given asset’s price. It involves two phases. Related Reading: Ethereum Open Interest Rises While Price....
Bitcoin has been consolidating since hitting a low around 166. Price has rebounded above 300 briefly, and then retreated. Still, BTCUSD has been hanging onto the consolidation mode in what appears to be a triangle. With price action already so close to the triangle apex, a breakout is imminent, but it will not be of much significance by itself. Let's see what other technical clues we will need. Bitcoin (BTCUSD) 24/2/2015 Daily Chart. The daily chart shows that since price tagged 300, bearish candles have dominated. In fact, last Friday's bearish candle combined with the previous 4 daily....
The price of Bitcoin started the day by rising and scoring higher highs above the $200 support point. The 1 hour (BTC/USD) Bitfinex chart from tradingview.com showed 4 open (green) candles before a closed (red candle was recorded (look at the candles inside the red cloud on the below chart) which, as we mentioned yesterday, is a confirmation of an intermediate degree price uptrend. By observing the 1 day (BTC/USD) Bitfinex charts from tradingview.com, we can identify a