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…
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….