Dogecoin Price Technical Analysis for 13/4/2015 - Stay Calm!
Having faced volatile price action in the previous week, Dogecoin seems to be entering this week on a calm note. The cryptocurrency is trading in a thin range of 46.6-50 satoshis, with each Dogecoin currently worth 48.2 satoshis. An analysis of the 240-minute Dogecoin/Bitcoin price chart reveals that the cryptocurrency may extend its stay in the trading range and no major price moves are expected in the next 48 hours. Chart Structure - As is evident from the chart above, Dogecoin is oscillating in a wide range of 43-50 satoshis. A breakout from this range will set the stage for a much....
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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 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....
Dogecoin price traded between 58 and 60.7 satoshis on Hitbtc and between 58 and 60 satoshis on Cryptsy yesterday. Although the support level is rising on both Hitbtc's and Cryptsy's 1 day chart, it seems that Dogecoin price still prefers to stay within the 56 satoshis and 62 satoshis range. By studying the 1 day Hitbtc (DOGE/BTC) chart from tradingview.com and plotting the 20 day EMA and the MACD indicator accordingly (look at the below chart), we can notice the following findings: Dogecoin is now trading below the 20 day EMA and has been so during all of yesterday's trading sessions which....
Key Highlights. Dogecoin price continued to consolidate in an important range of 41.0 Satoshis - 36.0 Satoshis. A monster barrier at 41.0 Satoshis is preventing gains and not letting buyers take control. The price is around 100 hourly simple moving average (price feed from HitBTC), which is acting as a hurdle for an upside move. Dogecoin price looks like consolidating below 41.0 Satoshis, and setting up for the next leg that can be either higher or lower. 100 MA as Resistance for Dogecoin Price. Dogecoin price continued to stay below a major resistance area near 41.0 Satoshis, and it looks....
Dogecoin Price Key Highlights. Dogecoin price has been trading below a long-term descending trend line for quite some time, but reversal signals are showing up. Price made a sharp upside breakout, hinting that the downtrend might already be over and that it's time for buyers to take charge. Dogecoin price could be in for more gains, as it made a convincing breakout from the descending trend line connecting its latest highs. Waiting for Technical Confirmation. Technical indicators have yet to confirm the dogecoin price rally since the 100 SMA remains below the 200 SMA for now. This suggests....