Dogecoin Price Analysis for 23/11/2015 - Upside Thrust Likely?
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,....
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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....
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....
The contraction in Dogecoin channel has limited the price movement from 46.6 satoshis to 48.3 satoshis - much narrower than the previous range of 46.6-50 satoshis. I had discussed the possibility of the consolidation extending earlier because neither of the parties is willing to exert force. The current value of each Dogecoin is 47.9 satoshis. Analysis of the 240-minute Dogecoin/Bitcoin price chart supports my earlier view that the consolidation may prolong. Bollinger Bands - The latest price contraction has witnessed Bollinger Bands playing a crucial technical role. As is evident from the....
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....
Dogecoin Price Key Highlights. Dogecoin price fell and cleared an important support area as anticipated in yesterday's analysis. The downside was stalled around 76.0 Satoshis, which can be seen as an intermediate support. 100 hourly MA might continue to act as a barrier for more gains moving ahead. There was a clear break noted in Dogecoin price, which has increased the chance of a move lower in the near term. 71.0 Satoshis as a Support. Yesterday, we highlighted that the possibility of a break lower is increasing, as the price struggled to move higher. The price did move lower Intraday,....