Dogecoin [Doge] Price Action – Doge Returns to 2019 Low as Bullish and Bearish Signs Form

2019-2-5 18:39

Doge Daily Chart – Source: Tradingview.com

Doge returned to its 2019 to start the week yesterday despite some top cryptocurrencies such as Litecoin recording increases.

Doge had been trading in a range from $0.002 to $0.0023 before breaking below and forming a 2019 low near $0.00184 at the end of January.

Price returned to this point yesterday and today’s daily candle has been forming an inverted hammer candlestick.

An inverted hammer candle forms when the open and close of a candle are around the same point, but the candle has a long upper wick.

An inverted hammer is indicative of an increased possibility of a bullish reversal taking place.

Dogecoin 4-Hour Chart – Source: Tradingview.com

Price is likely finding support at the 2019 and has already tested this point a number of times.

Repetitive tests of a support level increase the likelihood that price will break below with progressively fewer buyers to hold the level on each test.

At the moment, there are both bullish and bearish signs for Doge.

The inverted hammer candle forming on the daily is a bullish signal but the repetitive tests of the 2019 low along with yesterdays drop in price lead to a more bearish outlook for Doge.

Key Takeaways: Doge drops to 2019 lows yesterday despite some top cryptocurrencies such as Litecoin recording increases. Inverted hammer candle is forming on daily which increases the chances of a bullish reversal taking place. Doge has tested the 2019 low, a number of times increasing the chance that it will break below. Latest Dogecoin News:

DOGE, XRP, XLM, TRX: What’s in Store for Price in the Coming Weeks?

Dogecoin Technical Analysis: Price Meets Resistance at Former Range Low

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Dogecoin [Doge] Price Action – Doge Returns to 2019 Low as Bullish and Bearish Signs Form was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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Dogecoin (DOGE) на Currencies.ru

$ 0.1688 (+0.04%)
Объем 24H $1.407b
Изменеия 24h: 1.13 %, 7d: 3.80 %
Cегодня L: $0.1687 - H: $0.1688
Капитализация $24.388b Rank 8
Цена в час новости $ 0.0019021 (8774.4%)

doge 2019 low price returned dogecoin form

Источник: blokt.com

doge 2019 → Результатов: 5


Фото:

January Cryptocurrency Predictions Report: Nearly all coins expected to fall, with the exception of Stellar and Cardano

Price comparison site finder.com releases January Cryptocurrency Predictions Survey including forecasts for the end of 2019, 11 coins forecast Nearly all coins expected to fall by February 1, 2019 TRON (TRX), Dogecoin (DOGE) and Litecoin (LTC) to experience biggest drops Stellar (XLM) and Cardano (ADA) are the only coins predicted to increase this month Bitcoin […] The post January Cryptocurrency Predictions Report: Nearly all coins expected to fall, with the exception of Stellar and Cardano appeared first on NullTX.

2019-1-8 12:02


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