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Home Dogecoin

Dogecoin – Daily Tech Analysis – August 8th, 2021

admin by admin
August 8, 2021
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Dogecoin – Daily Tech Analysis – August 8th, 2021
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Dogecoin

Dogecoin surged by 28.08% on Saturday. Following a 1.89% achieve on Friday, Dogecoin ended the day at $0.2623.

A combined the begin to the day noticed Dogecoin fall to an early morning intraday low $0.2037 earlier than making a transfer.

Steering away from the primary main assist degree at $0.1981, Dogecoin rallied to a late intraday excessive $0.2632.

Dogecoin broke by means of the day’s main resistance ranges to finish the day at $0.26 ranges.

On the time of writing, Dogecoin was up by 2.93% to $0.27000. A combined begin to the day noticed Dogecoin fall to an early morning low $0.2599 earlier than rallying to a excessive $0.2840.

Dogecoin take a look at the primary main resistance degree at $0.2824 early on.

For the day forward

Dogecoin would want to keep away from the $0.2431 pivot to convey the primary main resistance degree at $0.2824 again into play.

Assist from the broader market can be wanted, nonetheless, for Dogecoin to interrupt again by means of to $0.28 ranges.

Barring an prolonged crypto rally, the primary main resistance degree and resistance at $0.29 would doubtless cap any upside.

Within the occasion of one other breakout, Dogecoin might take a look at resistance on the 23.6% FIB of $0.3016 and the second main resistance degree sits at $0.3026.

A fall by means of the $0.2431 pivot would convey the primary main assist degree at $0.2229 into play.

Barring an prolonged sell-off, nonetheless, Dogecoin ought to steer properly away from sub-$0.20 ranges. The second main assist degree sits at $0.1836.

Wanting on the Technical Indicators

First Main Assist Degree: $0.2229

Pivot Degree: $0.2431

First Main Resistance Degree: $0.2824

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 assume within the feedback beneath.

Thanks, Bob

This article was initially posted on FX Empire

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