Dogecoin (DOGE/USD) Market Intends to Make Lower Bullish Swings
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Dogecoin Price Prediction – May 15
The current trending movements in the DOGE/USD trade activities portend that the crypto-economic market intends to make lower bullish swings, closely bottoming the support line of $0.070. Between the $0.0709 and $0.0735 value lines, there has been minute pushes at a 0.70 percent positive rate. Buying activities could start making a base around the $0.70 support trading zone.
DOGE/USD Market
Key Levels:
Resistance levels: $0.080, $0.090, $0.10
Support levels: $0.070, $0.065, $0.060
DOGE/USD – Daily Chart
The DOGE/USD daily chart shows the crypto-economic market intends to make lower bullish swings around the middle of the horizontal line drawn. The 14-day SMA trend line has intercepted the 50-day SMA trend line to maintain points of $0.0798 and $0.0769. The Stochastic Oscillators are in the oversold region, slightly pointing northbound at 8.83 and 12.79 levels. The base trading instrument is striving to recover some of its lost momentum.
Can there be swift northward pushes away from the $0.070 of the DOGE/USD market support?
Indications currently showing are not portending that there will soon be a fast-moving mode in the DOGE/USD trade operations as the crypto market intends to make lower bullish swings from around the $0.070 support line. For a purchasing binge to succeed, the 14-day SMA indicator’s position must be in contact with a bullish trading candlestick forming against it.
On the downside of the DOGE/USD technical analysis, sellers in this market seem to have lost formidable shorting entry chances around the $0.070 support level. Bulls may not muster much vigor around the current lower trading axis, but attempts to force drops below the point will probably open the door for a bounce-off later.
DOGE/BTC Price Analysis
In comparison, Dogecocoin has not stopped to succumb to a chance of getting lows against Bitcoin, even though the former trading instrument intended to make some lower bullish swings about a few days back toward the trend line of the smaller SMA. The 14-day SMA indicator is underneath the 50-day SMA indicator. The Stochastic Oscillators are in a southbound-crossing posture at 59.04 and 52.09 levels. There is a need for the buyers to exercise patience toward observing a rerun of the Stochastics from lower figures afterward.
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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