Dogecoin Price Weekly Analysis – Upside Thrust Likely
Dogecoin price broke a major resistance area this past week. It has increased the chances of it gaining ground during the upcoming week. Intraday Support Level can be 52.0 Satoshis. Intraday Resistance Level may be 65.0 Satoshis. Dogecoin price looks like formed a short-term base near the 50.0 Satoshis support area, and appears set for more gains in the days to come. There was a major break noted this past week in the form of a bearish trend line formed on the 4-hours chart (data feed from HitBTC). The price cleared the trend line and resistance area and closed the week above it. The price....
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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 broke a contracting triangle pattern formed on the hourly chart, as highlighted in yesterday's analysis. There was no major follow through after the break, but the price managed to settle above the 100 hourly MA. Dogecoin price moving higher is a positive sign, as anticipated due to continuous rejections around 52.5 Satoshis. More Upsides? The Dogecoin price after rejecting around the last swing low of 52.5 Satoshis many times traded higher. The contracting triangle pattern formed on the hourly chart was breached to clear the way for more....
Dogecoin Price Key Highlights. Dogecoin price after completing our highlighted double top pattern moved lower and created a new low Intraday below 58.0. There were many spikes noted on the upside and downside which leaves the price in a range. It looks like both buyers and sellers are in action, which is causing a lot of swing moves. Dogecoin price moved lower during this past week, but buyers managed to defend sharp losses and pushed it back higher. Trend Line Support Area. As highlighted in this past week's analysis, there was a major downside reaction noted in the Dogecoin price. There....
Dogecoin Price Key Highlights. Dogecoin price completed our double top pattern, and created a new low Intraday below 60.0. There was a sharp reaction upwards, which took the price above the last high of 67.0. There was a choppy price action noted, as there were many swing moves during the past couple of sessions. Dogecoin price traded in a rough fashion during the last couple of sessions, as can be seen in the attached chart. Choppy Price Action. There was a downside reaction noted in the Dogecoin price, as our highlighted double top pattern on the hourly chart worked. The price fell below....
Key Highlights. Dogecoin price declined and traded below an important support area of 76.0 Satoshis as anticipated in yesterday's analysis. It looks like the price is heading towards the next level of support at 71.0. 100 hourly MA still remains a concern for buyers, as they failed to break it on many occasions. We were right when we noticed a break in Dogecoin price chart, as there was a downside thrust Intraday. What's next? We highlighted the possibility of a down-move in Dogecoin price yesterday, which continued as the price moved below a critical support of 76.0 Satoshis. There was a....