Dogecoin Price Intraday Analysis for 26/11/2015 - Slow and Steady Downside?
Key Highlights. Dogecoin price looks like created a short-term top and may continue to move lower moving ahead. The highlighted resistance area at 41.0 Satoshis proved a crucial barrier and might push the price down. If sellers manage to break 38.0 Satoshis, then a move towards 36.0 Satoshis is possible in the near term. Dogecoin price failing to move above 41.0 Satoshis is a bearish sign and could ignite another round of selling if sellers step in. Downside Slide in Dogecoin Price. Dogecoin price had no relief, as there were no signs of bulls. On the other hand, there are a few signs on....
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Key Highlights. Dogecoin price followed our highlighted slow and steady downtrend path and traded further lower. In the process, a crucial support area around 38.0 Satoshis was broken that may ignite more losses in the near term. The price is now below the 100 simple moving average on the 4-hours chart (price feed from CEX. IO), suggesting a bearish bias. Dogecoin price showing a lot of bearish signs on the 4-hours chart, as it broke a support trend line and settled below the 100 moving average. Perfect Rejection. We stated in yesterday's post that Dogecoin price may slide slowly and trade....
Dogecoin Price Key Highlights. Dogecoin price fell and traded close to our first sell target of 76.0 Satoshis as anticipated in yesterday's analysis. There was a buying interest noted around 71.0 Satoshis where sellers stepped back. The bearish pressure remains intact, as there are many hurdles formed on the upside for buyers. Our forecast of a move lower was right, as there was a downside reaction Intraday taking the price towards 71.0 Satoshis. What's next? Yesterday, the price broke a critical support area of 76.0 Satoshis, which was one of the main reasons we thought that the price....
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....
Key Highlights. Dogecoin price spiked down and tested the swing low of 26.5 Satoshis where buyers defended the downside. This can be seen as a false break or may be a quick move down with the data feed from HitBTC. The price is still above a major support trend line on the 30-min chart, suggesting that short-term trend is still bullish. Dogecoin price after the recent false spike may trade back higher. If there is a close above 32.0 Satoshis, then buyers may take control. Buy close to the trend line and support area? Dogecoin price fell sharply Intraday, and broke a major support trend....
Dogecoin Price Key Highlights. Dogecoin price fell and cleared an important support area as anticipated in yesterday's analysis. The downside was stalled around 76.0 Satoshis, which can be seen as an intermediate support. 100 hourly MA might continue to act as a barrier for more gains moving ahead. There was a clear break noted in Dogecoin price, which has increased the chance of a move lower in the near term. 71.0 Satoshis as a Support. Yesterday, we highlighted that the possibility of a break lower is increasing, as the price struggled to move higher. The price did move lower Intraday,....