Dogecoin Triangle Support Test Maps Out Recovery Roadmap And When To Sell
Dogecoin (DOGE) is testing the lower boundary of a long-term triangle pattern, a move that could determine its next major price direction. A new technical analysis highlights a roadmap with key recovery levels and outlines a potential timeframe when selling and profit-taking may become favorable. Dogecoin Triangle Pattern Signals Recovery Path In a recent X post, crypto analyst Jonathan Carter presented a new analysis of Dogecoin’s price action, predicting that a potential recovery may be imminent. Carter explained that Dogecoin is currently testing a critical support area around....
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Bitcoin price just came off a test of the triangle support and might be due for another move towards resistance. The 100 SMA is above the 200 SMA, signaling that the path of least resistance is to the upside. Stochastic is on the move up, which also confirms that buyers are in control of price action for now, likely pushing for a test of the triangle top around $420-430. RSI is also heading north so price might follow suit. Stronger bullish pressure might even lead to an upside break of the triangle resistance and a prolonged uptrend for bitcoin price. In that case, price could resume its....
Dogecoin is currently seeing reasonable upside following the Bitcoin recovery above $71,000. This has sent the whole crypto market into a state of euphoria, and the DOGE price has crossed the $0.16 resistance while at it. This bullish trend is expected to continue, as one analyst points out that Dogecoin has formed a bullish triangle […]
Dogecoin (DOGE) is once again making waves in the crypto market. This time, it’s due to a fascinating technical pattern forming on its price chart: a symmetrical expanding triangle. Known for signaling periods of heightened volatility and potential breakout opportunities, this pattern has traders and investors on the edge of their seats, wondering what’s next for DOGE. The symmetrical expanding triangle is a rare and dynamic formation, marked by its widening price range and converging trendlines. For Dogecoin, this pattern reflects a tug-of-war between bulls and bears, with neither side....
Bitcoin price is still inside its long-term triangle consolidation pattern and might make another test of the resistance. Bitcoin Price Key Highlights. Bitcoin price has formed higher lows and found resistance at the $470 level, creating an ascending triangle pattern on its daily chart. Price just bounced off the triangle support and is due for a test of resistance once more. Technical indicators are signaling that further gains are possible. Technical Indicators Signals. The 100 SMA is above the 200 SMA so the path of least resistance is still to the upside. A sharp move lower could find....
Key Highlights. Dogecoin price continues to find bids around an important support area of 52.6. A crucial contracting triangle pattern is formed on the hourly chart, which might ignite a break moving ahead. Buyers are attempting for a break, and if they succeed we might witness gains in the near term. Dogecoin price is eyeing a break moving ahead with resistance around 54.0-5 Satoshis and support near 53.0 Satoshis. Triangle Break. The Dogecoin price recently traded close to the 52.5 Satoshis support area where buyers appeared to defend more downsides. Sellers tried many times to clear the....