Dogecoin Price Technical Analysis - Target Hit, What's Next?
Key Highlights. Dogecoin sellers were crushed, as the price surged higher to trade above a critical resistance area of 53.2 Satoshis. It traded close to 60.0 Satoshis where sellers managed to defend more gains. Recent gains in Dogecoin were impressive, but buyers need to be careful moving ahead as it is now approaching a crucial area around 60.0 Satoshis. In Yesterday's post, we highlighted that 53.2 Satoshis is a major barrier for buyers, and if they manage to clear it more upsides are likely. Dogecoin price moved higher, closed above the mentioned resistance, and even traded above 58.0....
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Dogecoin Price Key Highlights. Dogecoin price failed once again to trade above the 100 hourly moving average and declined intraday. The price continued to struggle and our forecast to target additional weakness remains intact. More losses are likely in the near term as long as the price is below 76.0. Dogecoin price fell one more time yesterday and almost tested the last low of 64.7 Satoshis, which is a strong bearish sign. How important is 100 MA? Dogecoin price fell intraday as forecasted in yesterday's analysis. We were anticipating a new low below 64.7 Satoshis, but the price managed....
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....
Dogecoin is providing the market participants with ample opportunities to profit from by participating in range trading. I have been maintaining that rallies up to 50 satoshis can be utilized to build short positions for a target of 47 satoshis, and as can be seen, the recent surge to 49.5 satoshis was quickly followed by a drop to the mentioned target. Even with high volatility hitting the market, Dogecoin is unchanged from yesterday's level of 47 satoshis. An analysis of the 240-minute Dogecoin/Bitcoin price chart above tells of an extended sideways range which would continue to provide....
Bitcoin rises more than 2 percent to $430.21, nearing our year-end target of $440. In the previous price technical analysis A No Trade Market, we mentioned that an increasing MFI often causes price appreciation, and we are witnessing just that. The question now is: Would bitcoin be able to extend the gains or will it retrace its steps? Let us try to predict this with the help of technical analysis conducted on the 240-minute BTC-USD price chart. Bitcoin is well poised to increase its duration inside the $400-440 range, at least for the next couple of sessions. There is a high probability....
Dogecoin Price Key Highlights. Dogecoin price fell and traded close to our first sell target of 76.0 Satoshis as anticipated in yesterday's analysis. There was a buying interest noted around 71.0 Satoshis where sellers stepped back. The bearish pressure remains intact, as there are many hurdles formed on the upside for buyers. Our forecast of a move lower was right, as there was a downside reaction Intraday taking the price towards 71.0 Satoshis. What's next? Yesterday, the price broke a critical support area of 76.0 Satoshis, which was one of the main reasons we thought that the price....