THELOGICALINDIAN - Key Highlights
Dogecoin resiliency was surprising, which increases the adventitious of it trading college in the abreast term.
Trend Line Support
Dogecoin amount afresh traded a blow college aloft 70.0 Satoshis to barter as aerial as 71.8 Satoshis area it struggled. The amount confused aback lower and currently trading about an important bullish trend band on the alternate chart. The Lower Bollinger Band is additionally accumbent altogether with the accent trend line, which suggests that 65.0 Satoshis is a above abutment for Dogecoin. The Bollinger Bands are contracting, pointing appear the actuality that a breach is on the cards in the abbreviate term.
On the downside, a breach beneath the accent trend band could booty prices against the aftermost low 62.0 area buyers ability booty a angle to assure added losses. On the upside, a acute attrition lie at 100 alternate simple affective average, i.e. positioned about 70.0 Satoshis. No doubt, buyers ability attempt to bright the 100 SMA, and if they accomplish in clearing the amount aloft the mentioned level, again Dogecoin amount could billow higher. There is one added hurdle about the 50% Fib retracement akin of the aftermost bead from 87.7 Satoshis to 62.0 Satoshis.
The alternate RSI is aloof beneath the 50 level, but that cannot be advised bearish as it ability ascend aback college already buyers are alive again.
Intraday Support Level – 65.0 Satoshis
Intraday Resistance Level – 70.0 Satoshis
In short, Dogecoin charcoal a buy as continued as the bullish trend band and the aftermost low of 62.0 is intact.
Charts address of Trading View
