Key Highlights Dogecoin price is showing a lot of positive signs, and it all goes well there is a possibility of it gaining traction. There was a crucial bearish trend line formed on the 4-hours chart (data feed from HitBTC), which was broken recently to open the doors for more gains. The price is currently trading near the 100 simple moving average on the 4H timeframe, and if it is cleared a move towards 70.0 Satoshis is possible. Dogecoin price broke a major resistance area this past week. It has increased the chances of it gaining ground during the upcoming week. Upside to Continue? 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…
Key Highlights Dogecoin price attempted to trade higher, but failed miserably around a bearish trend line formed on the hourly chart (data feed from HitBTC). There was a sharp downside reaction after buyers failed to lift the price above the trend line resistance area. The price is again trading near the highlighted trend line, which is acting as a hurdle for more gains. Dogecoin price looks like a sell around the bearish trend line, and as long as it is below it the chances of an upside move is very less. 100 MA and Trend Line Confluence We were looking to buy with a break above a bearish trend line formed on the hourly chart (data feed from HitBTC). However, there was no break above the trend line and resistance area, and on the other hand, there was a failure…
Key Highlights Dogecoin price looks like consolidating after the recent losses which can be seen as part of a correction. There is a minor bearish trend line formed on the hourly chart (data feed from HitBTC), which may ignite the next move in the near term. A break above the highlighted trend line and resistance area may take the price towards the last swing high of 35.0 Satoshis. Dogecoin price looks like setting up for the next move higher and if buyers manage to clear the highlighted trend line, more gains are feasible. Buy with a Break? We highlighted in yesterday’s post that buying dips may be a nice deal. Dogecoin price stayed above the 100 hourly simple moving average and found buyers. The price is now setting up for the next move and currently…
Key Highlights Dogecoin price surged higher during the past couple of sessions, and traded above a major resistance area. There was a break noted above a bearish trend line formed on the hourly chart (data feed from HitBTC). The highlighted break looks real, which means buying dips in the short term can be an option. Dogecoin price managed to trade higher, and even cleared a major resistance area of 31.0 Satoshis, which is a bullish sign for buyers. Buy Dips? Dogecoin price finally showing a lot of positive signs, which may come as an encouragement for buyers. Recently, the price traded higher and managed to break two important resistances. The first one was the 100 hourly simple moving average and the second one was a bearish trend line formed on the hourly…
Key Highlights Dogecoin price climbed a few points higher during the past couple of sessions, and currently showing positive signs. A bearish trend line formed on the hourly chart (data feed from HitBTC) was broken during the upside move. If sellers step back, then a move towards the last swing high of 32.6 Satoshis is possible. Dogecoin price traded higher Intraday, and if the recent trend line break on the hourly chart is true, more losses are likely moving ahead. Trend Line Break Dogecoin price managed to pop a few points higher Intraday, and traded above a major bearish trend line formed on the hourly chart (data feed from HitBTC). Buyers also succeeded in taking the price above the 100 hourly simple moving average, which is a bullish sign and may encourage…