Home Litecoin Dogecoin – Daily Tech Analysis – August 30th, 2021

Dogecoin – Daily Tech Analysis – August 30th, 2021

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Dogecoin

Dogecoin fell by 1.85% on Sunday. Following a 2.88% decline on Saturday, Dogecoin ended the week down by 10.73% to $0.2812.

A bullish begin to the day noticed Dogecoin rise to an early morning intraday excessive $0.2921 earlier than hitting reverse.

Falling wanting the primary main resistance degree at $0.2963, Dogecoin fell to a mid-afternoon intraday low $0.2767.

Dogecoin fell by the primary main assist degree at $0.2796 earlier than a partial restoration to $0.28 ranges.

On the time of writing, Dogecoin was down by 0.97% to $0.2784. A combined begin to the day noticed Dogecoin rise to an early morning excessive $0.2822 earlier than falling to a low $0.2782.

Dogecoin left the key assist and resistance ranges untested early on.

For the day forward

Dogecoin would want to maneuver by the $0.2833 pivot to deliver the primary main resistance degree at $0.2900 into play.

Assist from the broader market can be wanted, nonetheless, for Dogecoin to interrupt again by to $0.29 ranges.

Barring an prolonged crypto rally, the primary main resistance degree and Sunday’s excessive $0.2921 would possible cap any upside.

Within the occasion of a breakout, Dogecoin may take a look at resistance on the 23.6% FIB of $0.3016 earlier than any pullback. The second main resistance degree sits at $0.2987.

Failure to maneuver by the $0.2833 would deliver the primary main assist degree at $0.2746 into play.

Barring one other prolonged sell-off, nonetheless, Dogecoin ought to keep away from sub-$0.27 ranges. The second main assist degree sits at $0.2679.

Wanting on the Technical Indicators

First Main Assist Stage: $0.2746

Pivot Stage: $0.2833

First Main Resistance Stage: $0.2900

23.6% FIB Retracement Stage: $0.3016

38.2% FIB Retracement Stage: $0.3859

62% FIB Retracement Stage: $0.5221

Please tell us what you assume within the feedback beneath.

Thanks, Bob

This article was initially posted on FX Empire

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