Key Highlights Dogecoin price is forming a monster ascending channel on the hourly chart (data feed from HitBTC), which can prove vital in the short term. The price is currently trading around the channel support area, as sellers are trying their best to break it and take the price lower. A successful close below the 100 hourly simple moving average may ignite a downside move. Dogecoin price is following an ascending channel on the hourly chart, and if sellers manage to break it then a move towards 26.0 Satoshis is possible. Buy above 100 MA? Dogecoin price is showing a few bullish signs, as there is a major ascending channel on the hourly chart (data feed from HitBTC). The highlighted channel pattern is acting as a support and taking the price slowly higher….
Key Highlights Dogecoin price spiked down and tested the swing low of 26.5 Satoshis where buyers defended the downside. This can be seen as a false break or may be a quick move down with the data feed from HitBTC. The price is still above a major support trend line on the 30-min chart, suggesting that short-term trend is still bullish. Dogecoin price after the recent false spike may trade back higher. If there is a close above 32.0 Satoshis, then buyers may take control. Buy close to the trend line and support area? Dogecoin price fell sharply Intraday, and broke a major support trend line on the 30-min chart (data feed from HitBTC). However, the mentioned decline can be seen as a false break and not real market movement. The price is back up now, and trading…
Key Highlights Dogecoin price failed once again to break a major resistance area near 0-32.0 Satoshis and traded lower. There is an important trend line and support area forming near 29.0 Satoshis on the 30-min chart (data feed from HitBTC). A break below the same may call for a move towards the last weekly low of 27.5 Dogecoin price continued to trade in a range, and there are no real signs of a break. We need to keep an eye on the 4-hours chart triangle pattern for the next move. Retest of lows? Dogecoin price recently spiked above 31.0 Satoshis resistance area, but failed to settle above it. The price traded as high as 32.3 Satoshis and started to move lower once again. There is now a bullish trend line formed on the 30-min chart (data feed from HitBTC), which…
Key Highlights Dogecoin price managed to recover some ground this past week, but it remains at a risk of a move lower during the upcoming week. There is an ascending channel pattern forming on the hourly chart (data feed from HitBTC), which is acting as a support. A break below the channel support area may call for more losses in the near term. Dogecoin price remains under a monster bearish trend line on the 4-hours chart, and an interesting pattern is forming for the next move. Ascending Channel Pattern Dogecoin price managed to trade a few points higher this past week after trading close to the 28.0 Satoshis support area. However, we continuously said that there is a monster barrier near 31.0-32.0 Satoshis. The stated prevented the upside move, as the price…
Key Highlights Dogecoin price managed to trade higher and broke a major resistance area on the 30-min chart (data feed from HitBTC) as highlighted in yesterday’s post. However, the price still below a major confluence resistance at 31.0-32.0 Satoshis, which holds the key in the near term. The price is now above the 100 hourly simple moving average on the 30-min chart, suggesting there is a chance of an upside move. Dogecoin price climbed higher and showing a lot of bullish signs on the 30-min chart. It looks like buyers took the first step right and may take the price higher. 31.0-32.0 Satoshis Importance In the yesterday’s post I highlighted a bearish trend line formed on the 30-min chart (data feed from HitBTC), and mentioned that there is a chance that buyers…