Dogecoin Price Technical Analysis For 14/12/2015 - Poised for a Break?
Key Highlights. Dogecoin's price stayed in a range, and is now forming a contracting triangle on the hourly chart (data feed from HitBTC). There is a chance that the price may consolidate for some time before breaking in a direction, either up or down. Looking at the 2-hour chart (data feed from IO), a major breakout resistance is forming near 32-33 satoshis. Dogecoin's price is below the 100 MA (2H), which is discouraging buyers from taking it higher. A break above it may call for an upside move in the short term. What's next? Dogecoin's price continued to annoy traders, as there was no....
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An absolute calm has engulfed Dogecoin as the price remains trapped in a tight range of 50.8-51.9 satoshis. The market is severely testing the patience of the short-term traders, who now fear that a surprise breakout could trigger huge losses. The market may be waiting for a trigger to break free but until that happens, it would only be wise to trade the range with minimum quantities. Dogecoin price chart, Dogecoin analysis. Nothing much has changed in the past 24 hours in terms of price (the current value of each Dogecoin is 51.1 satoshis) but the chart structure has definitely....
Key Highlights. Dogecoin price is trading near a major resistance area of 40.0 Satoshis, as buyers eye a break. The price is following a support trend line on the hourly chart, which may push the price to higher levels moving ahead. A break above 40.5-40.9 Satoshis is needed for an upside move towards 44-45.0 Satoshis. Dogecoin price looks poised for an upside move likely towards 45.0 Satoshis, if sellers fail to defend the 41.0 Satoshis resistance area. Dogecoin Price Hurdled By Resistance at 41.0 Satoshis: There were a few positive signs witnessed last week throughout Dogecoin's charts,....
Dogecoin Price Key Highlights. Dogecoin price did indicate further downside momentum, as predicted in an earlier technical analysis write-up on the consolidation pattern repeating itself. With the downside break, more sellers could hop in the ongoing downtrend and push dogecoin price to new lows. Dogecoin price confirmed the buildup in bearish pressure with a strong downside break below the consolidation pattern on its 1-hour chart. Where To Next? Price has broken below the previous lows in October 21, hinting that bears are unstoppable at this point. Stochastic and RSI are both on the....
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....
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....