Dogecoin Price Technical Analysis for 16/03/2015: Potential Correction

Dogecoin Price Technical Analysis for 16/03/2015: Potential Correction

After consolidating towards the end of last week, dogecoin price is showing signs of a correction on its short-term time frame. The cryptocurrency price is edging slightly higher at the start of the trading week and may be due for a pullback to the moving averages on the 1-hour chart from tradingview.com. DOGE/BTC is nearing the 100 exponential moving average, which has held as a dynamic resistance level in previous pullbacks. A shallow bearish divergence can be seen, as price made lower highs in March 11 and March 16 while stochastic drew higher highs. Stochastic is crossing down from the....


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