Dogecoin Price Technical Analysis for 02/12/2015 - Selling Rallies?
Key Highlights. Dogecoin price looks like forming a short-term base near 32.2 Satoshis, as shown on the hourly chart (price feed from HitBTC). The price may bounce from the current levels, but could find resistance near 35.0 Satoshis. Selling rallies may be a good deal moving ahead as long as the price is below the mentioned resistance area. Dogecoin price may recover in the near term, but we cannot discard the fact that there is a lot of bearish pressure, calling for sell rallies idea. 35.0 Satoshis as Resistance. Dogecoin price found bids near 30-32.0 Satoshis, and currently attempting....
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Dogecoin received a major setback over the weekend as the cryptocurrency failed twice in its attempts to scale Mt. 51 Satoshis. Any surge towards the peak was quickly pulled down by the bears beating the bulls hollow. The current value of each Dogecoin is 48 satoshis. I had mentioned in my earlier analysis that the onus lies on bulls to maintain the positive momentum but, as can be seen, the bears had the last laugh. After technically analyzing the 240-minute Dogecoin/Bitcoin price chart, it can be advised that only short positions should be considered on rallies. Chart Structure - In....
Dogecoin is currently trading marginally below the yesterday's level of 47.1 satoshis. The cryptocurrency had surged to a level of 48.9 satoshis before profit booking and selling pressure brought the price down to 47 satoshis, which is closer to the floor value of 46.3 satoshis. Putting the 240-minute Dogecoin/Bitcoin price chart under a technical lens reveals that the cryptocurrency may continue to face more pressure going ahead unless, bulls stage a powerful comeback. Dogecoin Chart Structure - As can be seen from the chart above, Dogecoin recently made an attempt to scale higher, but....
Key Highlights. The Dogecoin price daily chart clearly suggests that the price is under heavy bearish pressure and it is likely continue moving lower. There is a monster bearish trend line on the daily timeframe chart with resistance around 40.0. The daily MACD is under a minor divergence, which means there is a possibility of a short-term correction. Dogecoin price may correct higher moving ahead, but if we look at the big picture, then it is quite clear that the price is in a downtrend. 40.0 Satoshis as Sell Zone? We highlighted many times during the past couple of weeks that the....
Key Highlights. Dogecoin price moved lower and tested the last swing low of 36.5 Satoshis as forecasted in yesterday's post. The price even traded below the mentioned level as sellers succeeded in breaking it to form a new low of 34.7 Satoshis. The price is still under the bearish pressure, and the idea to sell rallies look like a good deal. Dogecoin price formed a new low below 35.0 Satohis, as the bearish pressure overwhelmed buyers who failed to take the price higher. Selling Rallies a Good Idea? The Dogecoin price continued to move lower as there was a lot of bearish pressure as....
Dogecoin price remains grounded, oscillating between a thin range of 50.8-51.2 satoshis. The 20-4h simple moving average continues to be an unsurpassable hurdle for the Dogecoin as bulls choose not to make any moves in the absence of positive triggers. The current Dogecoin price is 51.1 satoshis, slightly below the upper range of 51.2 satoshis. As can be seen from the 240-minute Dogecoin/BTC price chart, the cryptocurrency is barely moving anywhere. Technical analysis also points to a continuation of the sticky consolidation in the near future. Bollinger Bands - The Bollinger Bands have....