Dogecoin Price Technical Analysis for 27/2/2015 - Slingshot Pull
Dogecoin price remained within the 57-60 satoshi range throughout yesterday on Hitbtc. Last month, we began to notice that dogecoin price started to exhibit independence of bitcoin price, but as bitcoin price increased earlier today, can this throw its shadows on the dogecoin charts? By studying the 4 hour Hitbtc (DOGE/BTC) chart from Hitbtc from tradingview.com and plotting the William's Alligator indicator accordingly (look at the below chart), we can notice the following: The long downwards shadows of the candlesticks, as price approached the rising support level (green trend line),....
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The Christmas isn’t turning out to be merry for Bitcoin. The cryptocurrency is struggling near the overhead resistance of $465. It is now trading 1.28% lower at $450.89, raising concerns that the market participants might pull out their funds in the holiday season. As a result, several technical indicators are also showing declines. We advised in the previous Bitcoin price technical analysis Target Achieved that traders should book at least partial profits in their long positions. And for today’s analysis, we will again be using the 4-h BTC-USD price chart from BITSTAMP.
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....
Dogecoin price yesterday traded between 58 and 60 satoshis on Hitbtc, yet earlier today the price dropped down to 51.6 satoshis before rising up again to 60 satoshis at the time of writing of this article. On the other hand, Dogecoin price traded between 58 and 60 satoshis on Cryptsy throughout yesterday's trading sessions. By studying the 1 day Hitbtc (DOGE/BTC) chart from tradingview.com, calculating the 20 day EMA, plotting the MACD indicator and executing the RSI (look at the below chart), we can notice the following: Even though the price dropped down to around 51 satoshis earlier....
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