Dogecoin Price Technical Analysis - Sell Rallies
Key Highlights. Dogecoin price broke down and cleared an important triangle support area recently. A new weekly low was formed around 57.5 Satoshis where buyers managed to protect further losses. 100 hourly simple moving average was also breached, which might now act as a resistance for buyers. Dogecoin price traded lower, and cleared several support areas, suggesting that more losses are possible moving ahead. Downside Moves. Yesterday, we highlighted a triangle pattern, which we were expecting to break and pave the way for the next move. There was a break noted, as sellers managed to....
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Key Highlights. Dogecoin price looks like forming a short-term base near 32.2 Satoshis, as shown on the hourly chart (price feed from HitBTC). The price may bounce from the current levels, but could find resistance near 35.0 Satoshis. Selling rallies may be a good deal moving ahead as long as the price is below the mentioned resistance area. Dogecoin price may recover in the near term, but we cannot discard the fact that there is a lot of bearish pressure, calling for sell rallies idea. 35.0 Satoshis as Resistance. Dogecoin price found bids near 30-32.0 Satoshis, and currently attempting....
Key Highlights. Dogecoin price moved lower and tested the last swing low of 36.5 Satoshis as forecasted in yesterday's post. The price even traded below the mentioned level as sellers succeeded in breaking it to form a new low of 34.7 Satoshis. The price is still under the bearish pressure, and the idea to sell rallies look like a good deal. Dogecoin price formed a new low below 35.0 Satohis, as the bearish pressure overwhelmed buyers who failed to take the price higher. Selling Rallies a Good Idea? The Dogecoin price continued to move lower as there was a lot of bearish pressure as....
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 received a major setback over the weekend as the cryptocurrency failed twice in its attempts to scale Mt. 51 Satoshis. Any surge towards the peak was quickly pulled down by the bears beating the bulls hollow. The current value of each Dogecoin is 48 satoshis. I had mentioned in my earlier analysis that the onus lies on bulls to maintain the positive momentum but, as can be seen, the bears had the last laugh. After technically analyzing the 240-minute Dogecoin/Bitcoin price chart, it can be advised that only short positions should be considered on rallies. Chart Structure - In....
Key Highlights. The Dogecoin price daily chart clearly suggests that the price is under heavy bearish pressure and it is likely continue moving lower. There is a monster bearish trend line on the daily timeframe chart with resistance around 40.0. The daily MACD is under a minor divergence, which means there is a possibility of a short-term correction. Dogecoin price may correct higher moving ahead, but if we look at the big picture, then it is quite clear that the price is in a downtrend. 40.0 Satoshis as Sell Zone? We highlighted many times during the past couple of weeks that the....