Dogecoin Price Technical Analysis for 27/11/2015 - Important Support Breached
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....
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Dogecoin Price Key Highlights. Dogecoin price continued to move lower as anticipated in yesterday's post and looks poised for more losses. An important support area of 60.0 Satoshis was breached, which is acting as a resistance for buyers. A new bearish trend line is forming, which could act as a barrier if the price moves higher. Dogecoin price weakened Intraday, broke a major support area and looks poised for more declines in the short term. 60.0 Satoshis as Barrier. There was a downside continuation noted, as the price moved below a major support area of 60.0 Satoshis. The stated level....
Dogecoin Price Key Highlights. Dogecoin price failed to hold gains, and moved below an important support area to call for more losses. The support trend line on the hourly chart as highlighted yesterday was breached to encourage sellers. The price has also moved below the 100 hourly simple moving average, which is a warning sign in the near term. Dogecoin price after failing to move above 66.0 Satoshis moved lower and broke an important support trend line. Trend line break. We followed a support trend line on the hourly chart, which was acting as a hurdle for sellers. However, they managed....
Key Highlights. Dogecoin managed to clear a major resistance of 46.9 Satoshis to trade close to 50.0 Satoshis. A pullback from the current levels (49.9 Satoshis) might be seen as a buying opportunity. The technical indicators such as MACD and RSI are pointing towards more gains in Dogecoin after it breached 49.6 Satoshis. The hourly chart of Dogecoin/Bitcoin shows that sellers struggled to keep prices lower, and as a result it tested an important area of 50.0 Satoshis. As can be seen from the chart that the price settled above 46.9 Satoshis, and heading towards the last swing high of 50.6....
Dogecoin Price Key Highlights. Dogecoin price moved lower and broken an important support area around 42.0 Satoshis. A bullish trend line and support area was breached to open the doors for more losses. 0 Satoshis might now act as a resistance, as the 100 hourly simple moving average is also positioned around the stated level. Dogecoin price is under the bearish pressure as sellers managed to take the price below a critical support area. Importance of 100 MA. As highlighted in the weekly analysis there were some signs of relief for the Dogecoin price, but that did not last forever. There....