Dogecoin Price Weekly Analysis - Break Near
Dogecoin Price Key Highlights. Dogecoin price after completing our highlighted double top pattern moved lower and created a new low Intraday below 58.0. There were many spikes noted on the upside and downside which leaves the price in a range. It looks like both buyers and sellers are in action, which is causing a lot of swing moves. Dogecoin price moved lower during this past week, but buyers managed to defend sharp losses and pushed it back higher. Trend Line Support Area. As highlighted in this past week's analysis, there was a major downside reaction noted in the Dogecoin price. There....
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Dogecoin Price Key Highlights. We highlighted this past week a contracting triangle pattern on the hourly chart, which acted as a pivot and caused a break. There was a downside break as anticipated which took the price towards another important support area of 56.5 Satoshis. The price is below the 100 hourly simple moving average (SMA), which is a worrying sign for buyers. Dogecoin price breached an important breakout pattern this past week, and showing more bearish signs on the hourly chart. Triangle Break. In one of the recent analysis, we highlighted a contracting triangle pattern on....
Dogecoin Price Key Highlights. Dogecoin price continued to trade in a tiny range and inside two trend lines on the hourly chart. The upper trend line on the hourly chart is acting as a monster barrier for buyers for more gains. However, as long as the price is above the 50 Satoshis, there are chances of more upsides moving ahead. Dogecoin price continued trade inside a range, and it looks like it is setting for a break in the near term. Break ahead? The Dogecoin price is forming an interesting pattern, which is setting up for a break in the short term. As highlighted in the previous week's....
Dogecoin price may gain further in the near term. However, for that to happen the price needs to break the 100 SMA on H4 chart. Important Support area can be at 52.0 Satoshis. Dogecoin price weakened initially this past week and traded below the 50.0 Satoshis, but managed to recover later on. The price traded as low as 47.5 Satoshis before climbing back higher. The price traded positively and managed to break a bearish trend line formed on the 4-hours chart (data feed from HitBTC). The price also settled above the 23.6% Fib retracement level of the last wave down from the 64.0 Satoshis....
Key Highlights. Dogecoin price surged higher and created a new high above 90.0. Buyers are in control, as the market sentiment is still favoring them. This past week in an analysis, we stated that there is a double top pattern forming on the hourly chart of Dogecoin, but the price remains at risk of a break higher as there was no real reason for sellers to take the price lower. As mentioned, the 100 hourly simple moving average is still a major factor for the coming days, as a break below the same might call for a trend change. We highlighted on a number of occasions the importance of the....
Key Highlights. Dogecoin buyers trying their best to clear an important resistance area at 71.8 Satoshis. A broad range of 65.0-72.0 Satoshis as highlighted in the previous analysis continued to contain buyers and sellers. A break is must if we need to see some action in the short term. If you are considering to trade Dogecoin, then better wait for a convincing break above 72.0 Satoshis to enter a buy trade. Can it break higher? There was a large bearish candle formed on the hourly chart of Dogecoin recently, as highlighted in the weekly analysis. However, sellers failed to capitalize on....