Dogecoin Price Technical Analysis – Bull Flag Formation
technical analysis

Dogecoin Price Technical Analysis – Bull Flag Formation

THELOGICALINDIAN - Key Highlights

Dogecoin amount traded college recently, but there was a abortion acclaimed about 76.0-78.0 Satoshis which pushed it aback lower.

Bull Flag?

Dogecoin amount afterwards trading appear 65.0 Satoshis one added time traded aback higher, but bootless to achieve aloft an important akin of 76.0 Satoshis. The amount is now affective lower, but it looks like basic a bullish banderole arrangement on the alternate chart. If the accent arrangement is true, again there are affairs of the amount trading college in the abreast term. There are a brace of auspicious signs which add amount to the accepted bullish view. First, the alternate RSI is aloft the 50 level. Second, the MACD is in the bullish abruptness with no signs of alteration as of writing. Last, the amount looks good, suggesting added gains.

Dogecoin

However, the amount needs to assuredly achieve aloft the 100 alternate simple affective average, and 76.0 Satoshis. If buyers accomplish in accomplishing so, again there are possibilities of the amount breaking 80.0 Satoshis and affective higher. The mentioned akin holds a lot of importance, and if there is a breach aloft it added assets are likely.

On the downside, 70.0 Satoshis is a key area, followed by the banderole abutment trend line. Any added losses ability advance prices appear 64.7 Satoshis.

Intraday Support Level – 70.0 Satoshis

Intraday Resistance Level – 76.0 Satoshis

In abbreviate we ability accede affairs if the amount settles aloft the banderole attrition and 80.0 Satoshis.

 

Charts address of Trading View