THELOGICALINDIAN - Dogecoin amount looks like a advertise about the bearish trend band and as continued as it is beneath it the affairs of an upside move is actual less
We were attractive to buy with a break aloft a bearish trend band formed on the alternate blueprint (data augment from HitBTC). However, there was no breach aloft the trend band and attrition area, and on the added hand, there was a abortion causing a aciculate downside reaction. The amount traded lower and activated the aftermost beat low of 29.0 Satoshis. Thankfully, buyers appeared about the declared akin to arrest losses.
The amount is currently affective aback higher, but afresh adverse a barrier abreast the aforementioned trend band and attrition area. Moreover, the 100 alternate simple affective boilerplate is additionally positioned about the trend band forth with the 50% Fib retracement akin of the aftermost beachcomber from the 35.1 Satoshis aerial to 29.0 Satoshis low. In short, there is a above attrition formed abreast 32.0-32.5 Satoshis area buyers may abide to struggle.
A breach aloft the trend band and attrition area could booty the amount college may be appear the 76.4% Fib retracement akin (35.1 Satoshis aerial to 29.0 Satoshis low). On the downside, an antecedent abutment can be about 31.0 Satoshis.
Hourly MACD – The MACD is in the bullish zone, signaling absolute signs.
Hourly RSI – The RSI is aloft the 50 level, which addition bullish sign.
Intraday Support Level – 31.0 Satoshis
Intraday Resistance Level – 32.5 Satoshis
Charts from HitBTC hosted by Trading View
