Dogecoin Price Technical Analysis for 25/03/2015 - Another Spike!
Dogecoin price action on Hitbtc exhibited a tad more volatility than usual, as price dipped below its previous consolidation and dipped close to 45 satoshis before bouncing right back up. The cryptocurrency is back inside its tight range against bitcoin once more and could be headed sideways again. Stochastic has moved higher following the quick bounce and is almost indicating overbought conditions. This could draw a fresh batch of sellers in and push dogecoin price action much lower. The longer-term exponential moving average (green line) is still holding as resistance and is moving....
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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....
Key Highlights. The Dogecoin price is finding it hard to get a reason for a move higher, as it remained under the bearish pressure. There is a bearish trend line formed on the 30-mins chart (price feed from CEX. IO), suggesting a downside move. There is a possible false spike higher noted on the hourly chart of the price feed provided by HitBTC. Dogecoin price remains at a risk of further losses, and slowly all possible bullish signs start to diminish with sellers stepping in. Trend Line as Resistance. There is a bearish trend line forming on the 30-mins chart of the Dogecoin price (data....
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 has been gradually trading lower since the end of June but it made a sudden spike higher recently. Could this be a sign of a trend reversal or is the longer-term selloff set to carry on? The 4-hour chart of DOGEBTC from Trading View shows that the pair made a brief pop higher from its ongoing trend lower then proceeded to consolidate. Stochastic is moving out of the oversold area, suggesting a potential return in buying momentum and an uptrend for dogecoin, while RSI is on middle ground and barely offering any clear clues at the moment. Analyzing this in tandem with BTCUSD price....
Key Highlights. Dogecoin prices attempted to recover, but faced a barrier around an important trend line and resistance area of 32-33 satoshis. There was a dispiriting reaction after the recent failure, as the price created a minor new low of 22.7 satoshis, as seen on the hourly with data feed from HitBTC. There is a chance of a triple bottom pattern forming if we look at the price feed from CEX. IO. Dogecoin's price is struggling to hold an important support area, but there is a chance that the price may spike higher as there is a bullish pattern in the making. Can Buyers Capitalize?....