Dogecoin Price Technical Analysis - Heading Towards Break
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.....
Related News
Key Highlights. Dogecoin price continued to struggle to clear an important bearish trend line as highlighted in yesterday's post. 0 Satoshis is turning out to be a major barrier for buyers. Most technical indicators are pointing more gains in the short term. Dogecoin buyers continued to push the price higher, but failed to clear a critical barrier at 78.0 Satoshis. What's next? Dogecoin price is heading towards a major break if buyers succeed in taking it above a crucial bearish trend line on the hourly chart. The highlighted trend might turn out to be major factor in the short term, as....
Dogecoin Price Key Highlights. Dogecoin price stayed in a range, but it looks like the price might head lower in the near term. Sellers are making an attempt to break the range low, if it is cleared more losses are likely. 0 Satoshis is a major support area, which must hold if buyers have to prevent the downside. Dogecoin price is at risk of a break lower, as buyers seem to be struggling to prevent the downside. Downside Break. The Dogecoin price stayed in a range throughout this past week, which prevented moves in one particular direction. However, it looks like sellers might be able to....
Key Highlights. Dogecoin price declined and traded below an important support area of 76.0 Satoshis as anticipated in yesterday's analysis. It looks like the price is heading towards the next level of support at 71.0. 100 hourly MA still remains a concern for buyers, as they failed to break it on many occasions. We were right when we noticed a break in Dogecoin price chart, as there was a downside thrust Intraday. What's next? We highlighted the possibility of a down-move in Dogecoin price yesterday, which continued as the price moved below a critical support of 76.0 Satoshis. There was a....
Dogecoin Price Key Highlights. Dogecoin price continued to trade in a range, but it looks the range is narrowing. The price is heading towards a break, as there is a bearish trend line formed on the hourly chart on the upside and support near 60.0. Range is now 60-64 Satoshis, which is contracting as the trend line is moving lower. Dogecoin price might be finally heading towards a break as the trading range started to shrink. Trend Line Resistance. The Dogecoin price consolidation phase extended for one more day, as the price continued to trade in a range. However, we can safely say that....
Dogecoin Price Key Highlights. As highlighted yesterday there is a contracting triangle pattern formed on the hourly chart, which might produce swing moves in the short term. The triangle is contracting, which means there is a break likely moving ahead. The only concern for buyers is that the price is below the 100 hourly simple moving average (SMA). Dogecoin price is heading towards a break and it would be interesting to see which way the price moves after it. Triangle Break. There was a nice bullish reaction noted for the Dogecoin price, which helped buyers to gain traction after the....