Dogecoin Price Technical Analysis - Downside Bias Vulnerable
Dogecoin Price Key Highlights. Dogecoin price continued trading in a range during the past couple of sessions, and remains at a risk of a break. There is a breakout pattern forming on the hourly chart with an important resistance around 56.0-57.0 Satoshis. Our highlighted double top pattern is still valid, but it is fading slowly as sellers failed to gain momentum. Dogecoin price continued to consolidate in a range, and currently forming a contracting triangle pattern for a break. Triangle Pattern. We have been following a double top pattern on the hourly chart, and waiting for a break.....
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The Dogecoin price dropped 2.05% against the BTC in over the last 24 hours, as Bitcoin continued to test its prevailing upside risk near 281; therefore maintaining its bullish bias. The Doge price is reacting inversely to Bitcoin's price behavior; and is therefore continuing on its prevailing bearish bias. Dogecoin Price 4H HITBTC Chart. As you can see in the chart above, the Dogecoin price has held a constant downward momentum for quite a time. Over the last 24 hours, the price succeeded to float above 49, while testing upside resistance near 52; therefore forming consolidation between....
[Notice: All the price units are in Satoshi]. The Dogecoin price dropped around only 0.05% against the BTC in over the last 24 hours, but the overall bearish bias in its market continued to sustain. As you can see the 4H HITBTC chart above, the Dogecoin price continue to form lower lows near 40, adding further to the prevailing bearish bias. The Doge market has indeed reacted negatively to the Bitcoin's celebrated bullish rally, as it simply took away a notable chunk of trading volume from the meme cryptocurrency. As a result, we can see how Dogecoin price which, on February 8th, was being....
Dogecoin Price Key Highlights. Dogecoin price did indicate further downside momentum, as predicted in an earlier technical analysis write-up on the consolidation pattern repeating itself. With the downside break, more sellers could hop in the ongoing downtrend and push dogecoin price to new lows. Dogecoin price confirmed the buildup in bearish pressure with a strong downside break below the consolidation pattern on its 1-hour chart. Where To Next? Price has broken below the previous lows in October 21, hinting that bears are unstoppable at this point. Stochastic and RSI are both on the....
Key Highlights. Dash remained weak as highlighted in yesterday's analysis, and struggling to clear a major resistance around 0.0116BTC-0.0120BTC. Most technical indicators are signaling more losses in the near term. A bearish trend line is formed, i.e. acting as a minor hurdle for buyers. Dash price failing to trade higher is a worrying sign, which might ignite a downside reaction moving ahead. What's next? There was a downside move in the Dash price recently that found support around 0.0108BTC. The price managed to correct higher, but sellers were seen aggressive around 0.0116BTC.....
Dogecoin price still continues to consolidate on its shorter-term time frames but zooming out to the longer-term chart reveals a downside bias. Looking at the daily chart of DOGE/BTC from Hitbtc shows that technical indicators also support a move lower for the dogecoin cryptocurrency against bitcoin: Price has been forming lower highs, reflecting a gradual buildup in selling pressure. Dogecoin price has also formed lower lows, which means that sellers are still trying to push the pair lower. Stochastic is moving between 60 to 40, just coming off the overbought area and indicating that....