Dogecoin Technical Analysis for 15/05/2015 - Remains a Buy
Key Highlights. Dogecoin managed to clear a major resistance of 46.9 Satoshis to trade close to 50.0 Satoshis. A pullback from the current levels (49.9 Satoshis) might be seen as a buying opportunity. The technical indicators such as MACD and RSI are pointing towards more gains in Dogecoin after it breached 49.6 Satoshis. The hourly chart of Dogecoin/Bitcoin shows that sellers struggled to keep prices lower, and as a result it tested an important area of 50.0 Satoshis. As can be seen from the chart that the price settled above 46.9 Satoshis, and heading towards the last swing high of 50.6....
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There is a popular saying in the stock market: “Sell in May and Go away.” It's not May yet, but I think its best to sell Dogecoin now and go away for some time. The bulls are getting mauled up by the bears amid high volatility, and this has increased the probability that the cryptocurrency may see lower levels going ahead. Dogecoin remains unchanged on a daily basis, trading at 48 satoshis. A technical look at the 240-minute Dogecoin/Bitcoin price chart confirms the bearish undertone. Dogecoin Chart Structure - In my previous analysis, I had advised that Dogecoin is a seller's play and any....
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 price remains grounded, oscillating between a thin range of 50.8-51.2 satoshis. The 20-4h simple moving average continues to be an unsurpassable hurdle for the Dogecoin as bulls choose not to make any moves in the absence of positive triggers. The current Dogecoin price is 51.1 satoshis, slightly below the upper range of 51.2 satoshis. As can be seen from the 240-minute Dogecoin/BTC price chart, the cryptocurrency is barely moving anywhere. Technical analysis also points to a continuation of the sticky consolidation in the near future. Bollinger Bands - The Bollinger Bands have....
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 is currently trading marginally below the yesterday's level of 47.1 satoshis. The cryptocurrency had surged to a level of 48.9 satoshis before profit booking and selling pressure brought the price down to 47 satoshis, which is closer to the floor value of 46.3 satoshis. Putting the 240-minute Dogecoin/Bitcoin price chart under a technical lens reveals that the cryptocurrency may continue to face more pressure going ahead unless, bulls stage a powerful comeback. Dogecoin Chart Structure - As can be seen from the chart above, Dogecoin recently made an attempt to scale higher, but....