Dogecoin Price Technical Analysis - Trend Line Rejection
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....
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Dogecoin Price Key Highlights. Dogecoin price fell further Intraday and traded close to a major support area of 50.0 Satoshis. 0 Satoshis acted as a barrier and pushed the price higher. There is a monster support trend line sitting near 50.0 Satoshis, acting as a hurdle for sellers. Dogecoin price moved lower and closer to a trend line and support area where buyers appeared to prevent downsides. 53.0 Satoshis as resistance. Yesterday, we mentioned that there was adownside reaction in the dogecoin price, which took it closer to a major support area of 50.0 Satoshis. The downside move was....
Key Highlights. Dogecoin price attempted to recover some ground after a sharp decline towards 37.0 Satoshis. There is a major bearish trend line on the hourly chart as highlighted in one of previous analysis, which prevented gains. The price is trying to settle above the 100 hourly simple moving average, which is a positive sign. Dogecoin price showing a few bullish signs on the hourly chart, as it managed to settle above an important pivot area of 38.0 Satoshis. Can it settle above 100 MA? There was a sharp upside reaction noted in the Dogecoin price, as it moved higher closer to 45.0....
Key Highlights. Dogecoin price followed our highlighted slow and steady downtrend path and traded further lower. In the process, a crucial support area around 38.0 Satoshis was broken that may ignite more losses in the near term. The price is now below the 100 simple moving average on the 4-hours chart (price feed from CEX. IO), suggesting a bearish bias. Dogecoin price showing a lot of bearish signs on the 4-hours chart, as it broke a support trend line and settled below the 100 moving average. Perfect Rejection. We stated in yesterday's post that Dogecoin price may slide slowly and trade....
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....
Key Highlights. Dogecoin price moved lower Intraday before finding support around the last swing low of 66.0 Satoshis. A bearish trend line formed on the hourly, which if breached might clear the way for more gains. On the downside, 65.0 Satoshis support area holds a lot of value in the near term. Dogecoin price fell by more than 4% Intraday to trade near a bullish trend line as highlighted recently before a recovering from losses. RSI Break and Divergence. As mentioned, there is a minor bearish trend line formed on the hourly chart of Dogecoin, which is currently staling the upside. The....