Dogecoin Price Technical Analysis - Triangle Formation?
Key Highlights. Dogecoin price failed to break higher time and again, as there lies a major hurdle for buyers around 72.0 Satoshis. 100 hourly moving average continued to stall gains in the short term and prevented upsides. There is a possibility that the price is forming a triangle breakout pattern on the hourly timeframe. Dogecoin price continued to trade in a range and likely forming a contracting triangle for a break in the near future. What are the chances of a break? Dogecoin price spiked a couple of times above a bearish trend line highlighted in yesterday's analysis. However, there....
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Key Highlights. The Dogecoin price-after failing to break the 35-36 satoshi resistance area-started to consolidate in a range. There is a contracting triangle pattern forming on the hourly chart (price feed from HitBTC) that may act as a catalyst for the next move. As mentioned earlier, the price remains at a risk of more losses as long as it is below the stated resistance area. Dogecoin price started to consolidate intraday, and is currently looking for a reason to move higher. Let's analyze whether buyers can step in or not. Contracting Triangle Formation. We recently highlighted in a....
Bitcoin price is still staying inside the consolidation pattern for now but could be ready to break out as it approaches the peak of the formation. Bitcoin Price Key Highlights. Bitcoin price is still stuck in consolidation, moving inside a symmetrical triangle formation as illustrated in an earlier article. Price just bounced off the triangle support after a number of tests and is now making its way to the top. Technical indicators seem to be suggesting that a downside breakout is due. Technical Indicators Signals. The 100 SMA is below the longer-term 200 SMA, which means that the path of....
Bitcoin price broke out of its triangle consolidation pattern, indicating that bulls are ready to take control once more. Bitcoin Price Key Highlights. Bitcoin price was previously stuck inside a symmetrical triangle consolidation pattern as bulls and bears were in a tight race. Bulls eventually won out as price made another upside breakout, following the previous break higher on an earlier triangle formation. This puts bitcoin price on track towards testing the $800 handle, which might spur profit-taking once more. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA....
The XRP price is seeing another triangle formation on its chart that could point to an impending rally. One important fact about this triangle formation is the fact that it led to a significant rally seven years ago, and if history repeats itself, then XRP may be set for a bullish wave. XRP Triangle Formation Signals Bullish Continuation In an analysis on TradingView, crypto analyst TradingShot pointed out that the XRP price is seeing another triangle formation. This formation comes from the culmination of a number of indicators, all of which have become bullish during this time. Related....
Bitcoin price just bounced off the bottom of its long-term symmetrical triangle on the daily time frame and might be due for a test of resistance. Any strong breakout in either direction for bitcoin price could set the tone for its longer-term trends for the rest of the year so keep close tabs on this triangle formation. Bitcoin price has been tossing and turning on the short-term time frames, as risk sentiment keeps shifting. On the longer-term chart such as the daily time frame, a consolidation pattern can be seen. Bitcoin price formed higher lows and lower highs since November last....