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Dogecoin – Daily Tech Analysis – September 14th, 2021

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Dogecoin – Daily Tech Analysis – September 14th, 2021

by oof_pj
September 14, 2021
in Dogecoin
0


Dogecoin

Dogecoin slid by 5.72% on Monday. Reversing a 3.86% achieve from Sunday, Dogecoin ended the day at $0.2359.

A combined begin to the day noticed Dogecoin rise to an early morning intraday excessive $0.2522 earlier than hitting reverse.

Falling wanting the primary main resistance degree at $0.2569, Dogecoin slid to an early afternoon intraday low $0.2280.

Dogecoin fell by means of the primary main help degree at $0.2413 and the second main help degree at $0.2323.

Discovering late help, nevertheless, Dogecoin broke again by means of the second main help degree to finish the day at $0.235 ranges.

On the time of writing, Dogecoin was up by 0.35% to $0.2367. A combined begin to the day noticed Dogecoin fall to an early morning low $0.2338 earlier than rising to a excessive $0.2380.

Dogecoin left the foremost help and resistance ranges untested early on.

For the day forward

Dogecoin would want to maneuver by means of the $0.2387 pivot to deliver the primary main resistance degree at $0.2494 into play.

Assist from the broader market can be wanted, nevertheless, for Dogecoin to interrupt out from $0.2450 ranges.

Barring an prolonged crypto rally, the primary main resistance degree and Monday’s excessive $0.2522 would possible cap the upside

Within the occasion of a broad-based crypto rally, Dogecoin may check resistance at $0.27 ranges earlier than any pullback. The second main resistance degree sits at $0.2629.

Failure to maneuver by means of the $0.2387 pivot would deliver the primary main help degree at $0.2252 into play.

Barring one other prolonged sell-off, nevertheless, Dogecoin ought to keep away from sub-$0.22 ranges. The second main help degree sits at $0.2145.

Wanting on the Technical Indicators

First Main Assist Degree: $0.2252

Pivot Degree: $0.2387

First Main Resistance Degree: $0.2494

23.6% FIB Retracement Degree: $0.3016

38.2% FIB Retracement Degree: $0.3859

62% FIB Retracement Degree: $0.5221

Please tell us what you suppose within the feedback under.

Thanks, Bob

This article was initially posted on FX Empire

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