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 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…
Key Highlights Dogecoin price traded a few points higher and currently trading near a major resistance area on the 30-min chart (data feed from HitBTC). There is a hint of a break above a bearish trend line on the 30-min chart, which can take the price higher. Looking at the hourly chart (data feed from CEX.IO), there lies a major confluence resistance zone at 31.0-32.0 Satoshis. Dogecoin price is still below a pivot area of 31.0-32.0 Satoshis, but looking at the 30-min chart there is a chance of a minor upside move. Can Buyers Capitalize? We have been following a major resistance area at 31.0-32.0 Satoshis for some time now, and still there was no break above it. However, there are a few positive signs emerging if we looks at the lower time frame charts. There…
Key Highlights Dogecoin price failed time and again to trade higher and currently following a downward sloping path. There is monster trend line resistance area formed on the 4-hours chart (data feed from HitBTC), acting as a hurdle for an upside move. A short-term resistance area is now around 31.0 Satoshis. A break above it may ignite a recovery. Dogecoin price remains at a risk of further declines, as there is hardly any bullish sign for buyers to take it higher in the short term. Can Buyers Break Trend Line Resistance Area? As mentioned, there is a crucial trend line resistance area formed on the 4-hours chart (data feed from HitBTC). A key point to note is the fact that the highlighted trend line is perfectly positioned with the 100 simple moving average. It…