Dogecoin Price Technical Analysis - Trend Line Break Needed

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....

Key Highlights. Dogecoin breached an important bearish trend line as highlighted in yesterday's analysis. More gains are likely if buyers manage to take the price above 72 Satoshis. On the downside, the broken trend line might now act as a support in the near term. We will stick to the plan of buying once there is a convincing break above 72.0 Satoshis moving ahead. How crucial is the trend line break? Yesterday, we highlighted an important bearish trend line on the hourly chart, and were expecting a break above the same. There was an upside move as buyers managed to take the price higher.....

Dogecoin Price Key Highlights. Dogecoin price continued to trade in a range, and the trading range is narrowing as highlighted in yesterday's post. The highlighted bearish trend line formed on the hourly chart continued to move lower, increasing the chance of a break. 100 hourly simple moving average is acting as a resistance below the bearish trend line. Dogecoin price is likely heading towards a break, but we need to see how it goes moving ahead. Which way? The Dogecoin price continued to trade in a narrow range, but the fact remains is that the price might be heading towards a break.....

Dogecoin Price Key Highlights. Dogecoin price finally spiked higher and traded above a major bearish trend line. The trend line break was not convincing, and it might be the case that it could be a false one. The price is trading around 100 hourly simple moving average, and if there is a satisfactory close above it more gains are likely. Dogecoin price spiking above the bearish trend line was a good sign, but it might still trade in a range moving ahead. Range Persists? The Dogecoin price after trading for a long time inside a tiny range and below a major bearish trend line managed to....

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....