Dogecoin Price Technical Analysis - Breakout Looming

Dogecoin Price Technical Analysis - Breakout Looming

Dogecoin Price Key Highlights. Dogecoin price continued to trade below 50.0 Satoshis, as there was not break either higher or lower. The price is still trading below the 50 level, which is a bearish sign and could take it lower. There is a breakout pattern forming on the hourly chart in the form of a channel that might act as a catalyst moving ahead. Dogecoin price struggling to gain momentum, which increases the risk of it moving lower in the near term. More losses ahead? There was no break yesterday in the Dogecoin price, and both buyers and sellers failed to gain momentum. The price was....


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Dogecoin Price Technical Analysis - Breakout Alert!

Dogecoin Price Key Highlights. Dogecoin price has been trading below a long-term descending trend line for quite some time, but reversal signals are showing up. Price made a sharp upside breakout, hinting that the downtrend might already be over and that it's time for buyers to take charge. Dogecoin price could be in for more gains, as it made a convincing breakout from the descending trend line connecting its latest highs. Waiting for Technical Confirmation. Technical indicators have yet to confirm the dogecoin price rally since the 100 SMA remains below the 200 SMA for now. This suggests....

Dogecoin Price Technical Analysis for 31/3/2015 - Breakout Imminent

In my yesterday's analysis, I mentioned that Dogecoin was going nowhere and had restricted itself to an extremely tight range. Although nothing significant has changed in price terms as the value of each Dogecoin is still 50.9 satoshis, a narrowing price range indicates that a breakout may be seen in the next 48-72 hours. I have discussed below the various inferences drawn after implementing a couple of technical indicators on the 240-minute Dogecoin/BTC price chart. Chart Structure - As mentioned above, the price action has taken the form of lower highs, higher lows thereby forming a....

Dogecoin Price Technical Analysis for 1/4/2015 - Doge Chained

An absolute calm has engulfed Dogecoin as the price remains trapped in a tight range of 50.8-51.9 satoshis. The market is severely testing the patience of the short-term traders, who now fear that a surprise breakout could trigger huge losses. The market may be waiting for a trigger to break free but until that happens, it would only be wise to trade the range with minimum quantities. Dogecoin price chart, Dogecoin analysis. Nothing much has changed in the past 24 hours in terms of price (the current value of each Dogecoin is 51.1 satoshis) but the chart structure has definitely....

Dogecoin Price Technical Analysis - Approaching Breakout

Key Highlights. Dogecoin price continued to trade in a range, and looks set for a near-term breakout. 66.0 Satoshis is turning out be a major support area for Dogecoin. A critical breakout pattern is formed on the hourly chart, which might ignite swing moves in the short term. Dogecoin price settled below an important support of 70 Satoshis, signaling that buyers failed to capitalize and might struggle moving ahead. Triangle Breakout Pattern. There was a consolidation phase noted for the Dogecoin price within a contracting range, which resulted in a breakout pattern formation. There is a....

Dogecoin Price Technical Analysis for 13/4/2015 - Stay Calm!

Having faced volatile price action in the previous week, Dogecoin seems to be entering this week on a calm note. The cryptocurrency is trading in a thin range of 46.6-50 satoshis, with each Dogecoin currently worth 48.2 satoshis. An analysis of the 240-minute Dogecoin/Bitcoin price chart reveals that the cryptocurrency may extend its stay in the trading range and no major price moves are expected in the next 48 hours. Chart Structure - As is evident from the chart above, Dogecoin is oscillating in a wide range of 43-50 satoshis. A breakout from this range will set the stage for a much....