Dogecoin Price Technical Analysis- Trend Line Proved Worth
Key Highlights. Dogecoin climbed one more time, but failed to create a new high above 92.6 Satoshis. The price is struggling to settle above 90.0 Satoshis, which is a worrying sign. Our previous week's bullish trend line proved worth, and protected downsides recently. Buyers continued to buy Dogecoin whenever the price moved lower as sellers struggled lately to protect gains. Importance of 90.0 Satoshis. In the weekly analysis, we highlighted that the price created a new high and traded as high as 92.6 Satoshis. After a short-term correction, the price once again found support around an....
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Key Highlights. Dogecoin price grinded lower and cleared a major support trend line on the 2-hours chart (price feed from CEX. IO). A new low was formed below 35.0 Satoshis, as our highlighted trend line and resistance area in the weekly analysis proved worth. The price is under a lot of bearish pressure, and if sellers remain in action there is a chance of a move towards 30.0 Satoshis. Dogecoin price may continue to weaken, as buyers are finding it really hard to take control and as a result, more losses are likely. 100 MA as Pivot. Dogecoin price faced a tough time around a major....
Key Highlights. Dogecoin price weakened Intraday, as forecasted recently, but there was a sharp reaction around 68.0. A bearish trend line as highlighted yesterday is acting as a resistance for more upsides. A failure to break the stated trend line might ignite a down-move in the near term. Dogecoin price was completely rejected around 68.0 Satoshis, but the bearish trend line holds the key moving ahead. Trend Line as Pivot. Dogecoin dived Intraday after a rejection around an important bearish trend line on the hourly chart. The price cleared a monster support area of 70.0 Satoshis to....
Ethereum price after tumbling started to correct higher against the US Dollar, but I think the correction phase won’t last long. Key Highlights. Ethereum price continued to struggle against the US Dollar and moved down further during the past few sessions. This past week’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD proved worth and pushed the price down. The price traded close to the $11.20 support area where it found support and managed to correct higher. Ethereum Price Downside Move. Ethereum price ETH continued to face offers against the US....
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....
Dash Price Key Highlights. Dash price failed to move lower, and found support around a critical trend line as highlighted in yesterday's analysis. The Double top pattern is still valid, as the price is below the resistance area. If there is a break above 0.0130BTC, then more gains are possible in the near term. Dash price acquiring bids around the bullish trend line is a positive sign for buyers looking ahead. Trend Line Proved Worth. Yesterday, we highlighted that there is a possibility of a double top pattern forming on the hourly chart which could result in a move lower. There was a....