Dogecoin 4-Hour Heikin Ashi Chart Shows Oversold Levels, A Bounce On The Horizon
Dogecoin is showing early signs of life after a weeklong downtrend, as new technical signals on the 4-hour Heikin Ashi chart suggest the meme coin may be pivoting toward recovery. The Dogecoin 4-hour candlestick Relative Strength Index (RSI) indicator is flashing oversold conditions and a falling wedge pattern forming at support, creating what might be […]
Related News
Crypto analyst Jesse Olson has highlighted the second consecutive Heikin Ashi signal on the Bitcoin (BTC) weekly chart. This comes despite Bitcoin’s recent rise to as high as $58,000, which suggests that a bullish reversal might be on the horizon. What The Heikin Ashi Signal Means For Bitcoin While highlighting the second consecutive Heikin Ashi on Bitcoin‘s weekly chart, Olson also noted that there was no wick to the upside, which suggests that the downside trend is likely to continue. The crypto analyst had also previously explained how the absence of a wick to the upside signals a....
Dogecoin has been trading in a bearish momentum in the past few weeks, which has caused its price to break below critical resistance levels around $0.3 and now struggling around $0.2. This downtrend has seen the Relatice Strength Index (RSI) indicator trending downwards very massively, with the 1-day RSI particularly slipping into oversold territory. However, an interesting technical outlook suggests that the Dogecoin price might reverse to the upside very soon to reach an ambitious $0.90 price target. Dogecoin Trading Near Channel Bottom As RSI Signals Weakness A recent analysis from a....
Recent technical analysis has revealed that the XRP price is consolidating after breaking key resistance levels to new highs. A crypto analyst has warned of an impending XRP price crash, urging investors not to get distracted as the RSI is still significantly above 50%. Discussing his predictions through short and long-term XRP price charts, the analyst shows that the cryptocurrency is firmly positioned in a bullish trend despite impending corrections. XRP Price RSI Hints At Potential Crash On the 4-hour XRP chart, a double tap structure is highlighted in the Relative Strength Index....
Crypto analyst TradingShot has identified a pattern on DOGE’s chart that shows why a bounce above $0.3 is expected for the Dogecoin price. This provides some optimism regarding the foremost meme coin, which was one of the most affected by the recent downtrend in the crypto market. ‘Channel Down’ Formation Shows Why The Dogecoin Price […]
A potential shift from bearish performances in Dogecoin’s price seems to be on the horizon as the chart shows an encouraging trend of growing bullish momentum. With DOGE’s upside strength gradually building, analysts believe that the meme coin could be entering the beginning of a notable price move to higher levels. Is Dogecoin’s History About […]