Dogecoin Price Weekly Analysis - Candles Warn Upside Over
Key Highlights. Dogecoin prices moved above 0 Satoshis as forecasted in one of the previous analyses. It looks like prices have topped in the short term and Dogecoin is setting up for a major correction. We were following a bullish trend for Dogecoin as the price continued to move higher. However, there was a sharp reaction around 80.0-85.0 Satoshis where sellers defended the upside successfully. Dogecoin has lost most of its gains and moved back towards an important support area of 60.0 Satoshis. It traded as low as 62.0 Satoshis, and might test 60.0 Satoshis in the short term. The....
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An analyst has pointed out how Dogecoin has just seen a short-term buy signal on the same indicator that captured the latest local top in its price. TD Sequential Has Just Formed A Buy Signal For Dogecoin In a new post on X, analyst Ali Martinez has talked about a Tom Demark (TD) Sequential signal that has appeared in the hourly price chart of Dogecoin. The TD Sequential is an indicator from technical analysis (TA) that’s used to locate potential reversal points in an asset’s price. The indicator works by counting up candles printed in the same color. These candles may or may....
The Dogecoin price surged near 1.5% against the BTC during the March 11th trading session, thereby establish smaller bullish corrections in an already bearishly-biased market. The market however continues to face strong upside risks that, if tested, could really pulldown price back to invalidate the currency near-term bull sentiment. Following is the elaboration of this theory. As you can notice the DOGE/BTC 4H Chart above, sponsored by Trading View, the Dogecoin price has clearly formed new higher highs in order to test the 61.8% retracement - aligning with 54. Just after that, you could....
Key Highlights. Dogecoin prices continued to move inside a broad range. There is a major resistance formed around 71.8 Satoshis, which acted as a barrier for buyers on many occasions. This past week we were expecting the price to move higher. It did move higher, but 71.8 Satoshis stalled the upside in the near term and pushed the prices lower. There were many attempts to clear the stated area, but every time buyers managed to take the price higher sellers defended the upside. One worrying sign to note is that there is a monster bearish candle formed on the hourly chart of Dogecoin, which....
A cryptocurrency analyst has pointed out how the Tom Demark (TD) Sequential has just given a buy signal on the weekly XRP price chart. TD Sequential Is Printing A Weekly Buy Signal For XRP In a new post on X, analyst Ali Martinez has talked about a TD Sequential signal that has appeared on the weekly XRP chart. The “TD Sequential” refers to an indicator from technical analysis (TA) that’s generally used for locating points of probable reversal in a given asset’s price. Related Reading: Ethereum Speculators Add $654M In Bets As Price Plunges To $2,800 It involves two....
Dogecoin has been bleeding lower in recent days, grinding back toward the mid-$0.13 band. Sellers have been in control of most candles in the past 24 hours, and each attempt at a rebound has faded quickly, leaving Dogecoin stuck near the bottom of a range. One crypto analyst on X has focused attention on an important technical level on the 2-day chart. Even though price action looks weak, Dogecoin is now sitting right on a long-term support zone inside a descending triangle pattern, and this area could become the launchpad for a strong upside move if buyers react from here. The chart....