Dogecoin Price Technical Analysis for 26/03/2015 - Descending Channel
On its daily chart from Hitbtc, it can be seen that dogecoin price is gradually treading lower, creating a descending channel on the longer-term time frames. At the moment, the cryptocurrency is testing the channel bottom against bitcoin and may be due for a quick bounce higher if support holds. Dogecoin price has made long spikes around the channel support, suggesting that buyers are keen on making the bottom of the range hold. The longer-term moving average is treading below the short-term moving average, which means that the downtrend is likely to stay intact. Stochastic is moving....
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