Dogecoin Price Technical Analysis for 11/03/15: Bearish Bias Intensifying
[Notice: All the price units are in Satoshi]. The Dogecoin price dropped around only 0.05% against the BTC in over the last 24 hours, but the overall bearish bias in its market continued to sustain. As you can see the 4H HITBTC chart above, the Dogecoin price continue to form lower lows near 40, adding further to the prevailing bearish bias. The Doge market has indeed reacted negatively to the Bitcoin's celebrated bullish rally, as it simply took away a notable chunk of trading volume from the meme cryptocurrency. As a result, we can see how Dogecoin price which, on February 8th, was being....
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The Dogecoin price dropped 2.05% against the BTC in over the last 24 hours, as Bitcoin continued to test its prevailing upside risk near 281; therefore maintaining its bullish bias. The Doge price is reacting inversely to Bitcoin's price behavior; and is therefore continuing on its prevailing bearish bias. Dogecoin Price 4H HITBTC Chart. As you can see in the chart above, the Dogecoin price has held a constant downward momentum for quite a time. Over the last 24 hours, the price succeeded to float above 49, while testing upside resistance near 52; therefore forming consolidation between....
The Darkcoin price dropped by 5% against BTC during the March 11th trading session, while intensifying the downside momentum further after the recent crash. Apart from a strong Bitcoin/USD trade sentiment, there can be no other speculation one could relate to the cause of Darkcoin crash. The cryptocurrency is indeed optimistic based on fundamentals. It is currently going through a rebranding exercise, while various other development projects are escalating smoothly. Therefore, the sudden downtrend seems to be purely technical, probably due to the migration of traders towards a more....
[Note: The price unit used in the following article is Satoshi.]. The Dogecoin price against Bitcoin seems to be having the roughest time of all top altcoins. The pair has been on an extended downtrend in the wake of recent sharp rallies in Bitcoin market. There is indeed a notable volume shift towards Bitcoin that has impacted the Dogecoin's demand in the market; hence the fat depressions. Speaking of the last 24 hours, the Dogecoin price continued to form lower lows; therefore validating its bearish moods. At one point of time, it dropped to as low as 47.7, invalidating the presumed....
Dogecoin Price Key Highlights. Dogecoin price did indicate further downside momentum, as predicted in an earlier technical analysis write-up on the consolidation pattern repeating itself. With the downside break, more sellers could hop in the ongoing downtrend and push dogecoin price to new lows. Dogecoin price confirmed the buildup in bearish pressure with a strong downside break below the consolidation pattern on its 1-hour chart. Where To Next? Price has broken below the previous lows in October 21, hinting that bears are unstoppable at this point. Stochastic and RSI are both on the....
Not much happened today in the price action of litecoin. As we can see in the 1H chart, price has been drifting sideways since the cryptocurrency rallied from around 1.60 to about 1.82. While price is indeed still in this consolidation range, we can see a bearish bias. Litecoin (LTCUSD) 1H Chart April 1, 2015. 1) The 200-, 100-, and 50-hour simple moving averages (SMAs) are in bearish alignment and are sloping down. 2) Price is starting to hold below the cluster of these SMAs, which shows bearish bias. 3) The RSI has held below 60, and has tagged 30, showing development of bearish....