Key Highlights Dogecoin price spiked higher as anticipated in yesterday’s post and created a new high above 57.0 Satoshis. Sellers failed to capitalize on the double top pattern, and as a result there was an upside reaction. Looking at the broad view, there is likely an ascending channel pattern formed on the hourly chart. Dogecoin price managed to gain bids, and traded above a major resistance above 57.0 Satoshis. Ascending Channel Formation We followed a double top pattern on the hourly chart, which should have been resulted in a downside move. However, we noticed yesterday, that sellers failed to gain momentum, which created a risk of a break higher. The price did move higher Intraday, and even managed to spike the previous swing area of 57.0 Satoshis. A new…
Key Highlights Dogecoin price made an attempt to trade higher and cleared a bearish trend line highlighted in yesterday’s post. The price found resistance around 56.5 Satoshis, which represents a major hurdle for buyers. The price is currently trading around the 100 hourly simple moving average and setting up for the next move. Dogecoin price failed twice to break an important level of 56.5 Satoshis, which creates a risk of o double top pattern. Move Down? We highlighted a bearish trend line in yesterday’s technical analysis, which acted as a resistance for some time and later paved the way for more gains. However, the upside was limited, as the price found resistance around an important level at 56.5 Satoshis. The mentioned level represents a previous swing area…
Key Highlights Dogecoin price moved lower and traded close to 50.0 Satoshis to fulfil our target of the last week. The price found support around the mentioned area and currently making an attempt to correct higher. 100 hourly simple moving average is still a pivot area for the price, as buyers struggled to break it. Dogecoin price traded lower and formed a new low below 52.0 Satoshis before starting to recover from losses. What’s next? We mentioned in one of the last week’s analyses that there is a chance that the Dogecoin price might trade towards 50.0 Satoshis. It did happen, as the price moved below the last low of 52.6 Satoshis and traded close to 50.0 Satoshis. It has started to recover from losses and currently making an attempt to trade higher. There is a…
Dogecoin Price Key Highlights Dogecoin price remained under the bearish pressure, but trading near a major resistance area. The price is at a major crossroads, as there lies a crucial barrier around 58.0 Satoshis for buyers to break. The price continued to trade below the 100 hourly simple moving average (SMA), which is a warning sign. Dogecoin price struggled recently to trade higher, as sellers remained in control and the 100 SMA acted as a hurdle. Sellers in Control There was a solid downside move noted in the Dogecoin price, as there was a break below a triangle pattern formed on the hourly chart. However, the upper trend line of the triangle pattern is still in play and acting as a hurdle for buyers. Moreover, there is a new small triangle pattern formed on…
Key Highlights Dogecoin price dived lower, and the recent trend line break turned out to be a false one. The price moved below the last low to create a new low around 52.6 Satoshis. 100 hourly simple moving average is acting as a monster resistance, as buyers failed to break it. Dogecoin price moved lower below the last low to open the doors for more losses in the near term may be towards 50.0 Satoshis. Move towards 50.0 Satoshis? We highlighted recently that there might be a false break on the hourly chart of Dogecoin, as there was a trend line break but it was not convincing due to no follow through. Since buyers failed to take the price higher, there was a nasty downside reaction. The price moved lower and fell below the last low of 54.5 Satoshis to trade near…
The Decentralized Dance Party is exactly what it sounds like, and arguably the first decentralized autonomous organization. It formed during Bitcoin’s infancy, and it quickly gained mainstream media attention. Although it began as a separate movement, the DDP became involved with Bitcoin in 2011, and will be using it to help fundraise for their upcoming European tour and new blockchain applications. The Party It begins at a central location, where the party-goers gather. Boomboxes are handed out, all of them tuned to the same FM radio channel. A brigade of banana men direct the crowd, and an elite team of DJs lead the way armed with a radio transmitter. Their path is carefully planned, and the crowd accumulates more dancers along the way. The DJs inform the…