Dogecoin Price Technical Analysis For 11/12/2015 - Can Buyers Make it?
Key Highlights. Dogecoin's price showed no signs of a move higher intraday, and is currently forming a contracting triangle pattern on the hourly chart (data feed from HitBTC). A break above 34-35 satoshis is needed for buyers to take control and push the price higher. The chances of a move higher may increase if the price settles above the 100-hour simple moving average on the 2-hour chart (data feed from CEX. IO). The Dogecoin price's H2 chart shows clear signs of the 100MA providing good cover for the bulls, as it has remained a reliable resistance thus far. Contracting Triangle....
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Dogecoin Price Key Highlights. Dogecoin price after trading as low as 51.3 Satoshis traded higher, but struggling to clear a major resistance area. There lies a significant resistance around the 100 hourly simple moving average acting as a hurdle for buyers. A break above it is needed if buyers have to take the price higher in the near term. Dogecoin price struggle continued, as the 100 hourly MA is acting as a barrier for more gains. Can Buyers make it? We highlighted in yesterday's post that the Dogecoin price managed to find support near 51.3 Satoshis. It is now making an attempt to....
Key Highlights. Dogecoin continued to struggle around the previous swing high of 51.7. It is currently moving lower as forecasted in one of the previous analyses and looks set for a break in the near term. A pullback in Dogecoin is hard to consider as a reversal sign, as most technical indicators are still favoring buyers and more upsides. There is a crucial breakout pattern formed on the hourly chart of Dogecoin, as there is a contracting triangle shaped, and waiting for a catalyst for the next move. As of writing, prices are around the triangle resistance trend line and buyers are trying....
Key Highlights. It looks like Dogecoin price may not be able to break an important resistance area of 40.0-41.0. The price remains at a risk of a break lower, as there is no increase in the buying sentiment lately. If there is no push above 41.0 Satoshis, we may witness a decline in the price towards 36.0 Satoshis. Dogecoin price continues to struggle as buyers are finding it hard to break a crucial resistance area of 40.0-41.0 Satoshis, which possess a threat of a move lower. Trend Line and Resistance Area. We highlighted in yesterday's post that there is a major resistance area near 41.0....
Key Highlights. The Dogecoin price-after failing to break the 35-36 satoshi resistance area-started to consolidate in a range. There is a contracting triangle pattern forming on the hourly chart (price feed from HitBTC) that may act as a catalyst for the next move. As mentioned earlier, the price remains at a risk of more losses as long as it is below the stated resistance area. Dogecoin price started to consolidate intraday, and is currently looking for a reason to move higher. Let's analyze whether buyers can step in or not. Contracting Triangle Formation. We recently highlighted in a....
Key Highlights. Dogecoin price continued to consolidate in an important range of 41.0 Satoshis - 36.0 Satoshis. A monster barrier at 41.0 Satoshis is preventing gains and not letting buyers take control. The price is around 100 hourly simple moving average (price feed from HitBTC), which is acting as a hurdle for an upside move. Dogecoin price looks like consolidating below 41.0 Satoshis, and setting up for the next leg that can be either higher or lower. 100 MA as Resistance for Dogecoin Price. Dogecoin price continued to stay below a major resistance area near 41.0 Satoshis, and it looks....