Dogecoin Price Weekly Analysis - Candles Warn Upside Over
Key Highlights. Dogecoin prices moved above 0 Satoshis as forecasted in one of the previous analyses. It looks like prices have topped in the short term and Dogecoin is setting up for a major correction. We were following a bullish trend for Dogecoin as the price continued to move higher. However, there was a sharp reaction around 80.0-85.0 Satoshis where sellers defended the upside successfully. Dogecoin has lost most of its gains and moved back towards an important support area of 60.0 Satoshis. It traded as low as 62.0 Satoshis, and might test 60.0 Satoshis in the short term. The....
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The Dogecoin price surged near 1.5% against the BTC during the March 11th trading session, thereby establish smaller bullish corrections in an already bearishly-biased market. The market however continues to face strong upside risks that, if tested, could really pulldown price back to invalidate the currency near-term bull sentiment. Following is the elaboration of this theory. As you can notice the DOGE/BTC 4H Chart above, sponsored by Trading View, the Dogecoin price has clearly formed new higher highs in order to test the 61.8% retracement - aligning with 54. Just after that, you could....
Key Highlights. Dogecoin prices continued to move inside a broad range. There is a major resistance formed around 71.8 Satoshis, which acted as a barrier for buyers on many occasions. This past week we were expecting the price to move higher. It did move higher, but 71.8 Satoshis stalled the upside in the near term and pushed the prices lower. There were many attempts to clear the stated area, but every time buyers managed to take the price higher sellers defended the upside. One worrying sign to note is that there is a monster bearish candle formed on the hourly chart of Dogecoin, which....
Bitcoin price surge was amazing, but BTC/USD is reaching a point where the bulls need to be very careful moving ahead. Key Points. Bitcoin price continued to move higher and settled above the $700 mark against the US dollar. Many traders are in disbelief that the price surged this high in a short span of time. I think BTC/USD is due for a correction now looking at the weekly chart (data feed from Bitstamp). Bitcoin Price Resistance. Bitcoin price this past week traded above the $750 mark against the US Dollar, and was simply unstoppable. The last 4 weekly candles on the weekly chart of....
Dogecoin Price Key Highlights. Dogecoin price after completing our highlighted double top pattern moved lower and created a new low Intraday below 58.0. There were many spikes noted on the upside and downside which leaves the price in a range. It looks like both buyers and sellers are in action, which is causing a lot of swing moves. Dogecoin price moved lower during this past week, but buyers managed to defend sharp losses and pushed it back higher. Trend Line Support Area. As highlighted in this past week's analysis, there was a major downside reaction noted in the Dogecoin price. There....
Dogecoin Price Key Highlights. Dogecoin price completed our double top pattern, and created a new low Intraday below 60.0. There was a sharp reaction upwards, which took the price above the last high of 67.0. There was a choppy price action noted, as there were many swing moves during the past couple of sessions. Dogecoin price traded in a rough fashion during the last couple of sessions, as can be seen in the attached chart. Choppy Price Action. There was a downside reaction noted in the Dogecoin price, as our highlighted double top pattern on the hourly chart worked. The price fell below....