Dogecoin Bollinger Bands Tell A Bullish Story, Here’s The Level To Watch
Dogecoin’s price action with the Bollinger Bands indicator shows it is now at a junction of either a breakout to the upside or another downward move. Technical analysis shows that Dogecoin’s interaction with the Bollinger Bands suggests it could go on a swift upwards move. However, there remains a critical risk factor that the bulls […]
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Bitcoin price printed a high of $503 earlier today on Bitstamp, then a price correction wave pulled it down to $470, at the time of writing of this article. The historical bullish rally that we witnessed during the past few days will slow down during the next couple of days, as the price seems to have hinged around the $500 level to ignite a temporary reversal of this bullish wave. Bollinger Bands Signaling Price Correction Attempts: Let's examine the 1 hour (BTC/USD) charts from Bitstamp (look at the below chart); plot the "Bollinger Bands" volatility indicator and extend the Fibonacci....
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....
Dogecoin is trading flat on a day-to-day basis after being hit by a bout of volatility. After making some very unnerving moves, Dogecoin price is trying to stabilize near the current level of 47 satoshis with minor price fluctuations. By technically analyzing the 240-minute Dogecoin price/Bitcoin price chart, it can be inferred that the balance is only slightly tilted in favor of the bears however, the bulls are making strong efforts to keep the losses to a minimum. Dogecoin Price Chart Structure - Continuing with the fall post the failed breakout, Dogecoin slipped to a low of a 45.6....
Current BTC price action is no surprise given recent support and resistance focuses, says Bollinger bands creator John Bollinger. Bitcoin may have lost 35% since its all-time highs of $64,500, but its current price is actually “logical.”That’s according to veteran analyst John Bollinger, creator of the Bollinger bands trading indicator. Bollinger: Current price action "can tell a lot"In a tweet on May 18, Bollinger, who is well known as a source of Bitcoin (BTC) analysis despite decades in the market, called for calm following fresh volatility.“~43,000 is what we call a logical level for....
Having faced volatile price action in the previous week, Dogecoin seems to be entering this week on a calm note. The cryptocurrency is trading in a thin range of 46.6-50 satoshis, with each Dogecoin currently worth 48.2 satoshis. An analysis of the 240-minute Dogecoin/Bitcoin price chart reveals that the cryptocurrency may extend its stay in the trading range and no major price moves are expected in the next 48 hours. Chart Structure - As is evident from the chart above, Dogecoin is oscillating in a wide range of 43-50 satoshis. A breakout from this range will set the stage for a much....