""/
Dogecoin

Dogecoin – Daily Tech Analysis – August 3rd, 2021

[ad_1]

Dogecoin

Dogecoin fell by 0.49% on Monday. Following a 1.73% decline on Sunday, Dogecoin ended the day at $0.2034.

After a mixed the start to the day, Dogecoin rose to a mid-morning intraday high $0.2099 before hitting reverse.

Falling short of the first major resistance level at $0.2148, Dogecoin slid to a late intraday low $0.2017.

Steering clear of the first major support level at $0.1971, Dogecoin moved back through to $0.2030 levels to limit the downside.

At the time of writing, Dogecoin was up by 0.69% to $0.2048. A mixed start to the day saw Dogecoin fall to an early morning low $0.2020 before rising to a high $0.2050.

Dogecoin left the major support and resistance levels untested early on.

For the day ahead

Dogecoin would need to move back through the $0.2050 pivot to bring the first major resistance level at $0.2083 into play.

Support from the broader market would be needed, however, for Dogecoin to break back through to $0.2080 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.2099 would likely cap any upside.

In the event of another breakout, Dogecoin could test resistance at $0.2150 before any pullback. The second major resistance level sits at $0.2132.

Failure to move back through the $0.2050 pivot would bring the first major support level at $0.2001 into play.

Barring another extended sell-off, however, Dogecoin should steer clear of the second major support level at $0.1968.

Looking at the Technical Indicators

First Major Support Level: $0.2001

Pivot Level: $0.2050

First Major Resistance Level: $0.2083

23.6% FIB Retracement Level: $0.3016

38.2% FIB Retracement Level: $0.3859

62% FIB Retracement Level: $0.5221

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

More From FXEMPIRE:

[ad_2]

Source link

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from Youtube
Vimeo
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Spotify
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound
Back