Dogecoin Price Technical Analysis - Hovering at Long-Term Area of Interest
Dogecoin Price Key Highlights. Dogecoin price is still moving inside a short-term consolidation pattern and zooming out to the longer-term time frames reveals that it is currently hovering around an area of interest at 48 Satoshis. The moving averages on the daily time frame are oscillating, suggesting a potential continuation of the range-bound movement around the current levels. Dogecoin price has stalled from its recent selloff upon reaching an area of interest visible on the daily time frame. Path of least resistance to the downside. Even with this roadblock at the support area of 48....
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Dogecoin Price Key Highlights. Dogecoin price has been forming new lows on its short-term time frames without much sign of a pullback from the downtrend, which means that selling pressure is very strong. Price has recently broken below an area of interest visible on the daily time frame and may have its sights set on the next one at 40 Satoshis. Dogecoin price is breaching one area of interest after another and may carry on with its decline to the next major support areas. Moving further south. Dogecoin price is already closing in on the next support area at 40 Satoshis, which kept losses....
Even with the increased upside momentum seen on the shorter-term time frames of dogecoin price charts, the cryptocurrency is still stuck in consolidation to the bitcoin on the daily chart. A descending triangle formation can be seen, with price hovering at the bottom of the chart pattern. The short-term moving average (red) is treading below the long-term moving average (green), indicating that downside momentum is present. Moving averages are widening, which means that selling pressure is strengthening. Stochastic on the daily time frame of DOGE/BTC from Hitbtc is moving down from the....
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....
Bitcoin price is having trouble breaking past this area of interest visible on the daily time frame as technical indicators are giving mixed signals. Bitcoin Price Key Highlights. Bitcoin price is still stuck in consolidation on its short-term time frames and looking at the daily chart shows why. Price is actually stalling below a former support zone around the $600-620 area, which might continue to hold as resistance. Price is also encountering a bit of a ceiling around its 100 SMA on the longer-term chart. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on this....
Bitcoin price is stalling at a strong area of interest visible on the long-term charts, with indicators suggesting that the resistance could hold. Bitcoin Price Key Highlights. Bitcoin price is consolidating on its short-term time frames and for good reason. Price is actually testing a major area of interest at $645-650, as this held as support in the past and could keep holding as a ceiling. Technical indicators on the longer-term charts are giving mixed signals at the moment. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on the daily time frame, showing that....