Dogecoin Price Weekly Analysis - Downside Move Likely
Key Highlights. Dogecoin's price managed to recover some ground this past week, but it remains at risk of a move lower during the upcoming week. There is an ascending channel pattern forming on the hourly chart (data feed from HitBTC), which is acting as a support. A break below the channel support area may call for more losses in the near term. Dogecoin's price remains under a monster bearish trend line on the 4-hour chart, and an interesting pattern is forming for the next move. Ascending Channel Pattern. Dogecoin prices managed to trade a few points higher this past week after trading....
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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....
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,....
Dogecoin Price Key Highlights. Dogecoin price continued to consolidate and setting up for a huge move in the near term. 0-64.0 Satoshis is a key support area, which is a monster pivot zone for both buyers and sellers moving ahead. Dogecoin price consolidating in a tiny range for this long is a warning sign, and could ignite a solid move ahead. The Dogecoin price does this often as it trades in a small range for some time and then trades or we can say spikes in one direction to surprise traders. This past week the price traded in a tiny range, but there was still no break. We were waiting....
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....
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....