Dogecoin

Bitcoin, Axie Infinity and Dogecoin – European Wrap 10 August

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Bitcoin price witnessed the second leg of its rally that originated on July 20 but failed to produce a convincing close above a crucial support level. Moreover, a technical indicator is flashing a sell signal, further supporting a downswing. 

BTC/USDT 12-hour chart

Axie Infinity price has been a rebel coin due to its relatively recent launch and its breathtaking performance. While the exponential rally has not yielded gasping corrections, investors can continue to be bullish on AXS price.

 

AXS/USDT 12-hour chart

Dogecoin price could see further consolidation before continuing its rally. A technical indicator suggests that DOGE has printed a local top, and the canine-themed token could retest critical support levels before making its next big move. 

 

DOGE USDT

 

 

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Litecoin

Bitcoin, Ethereum and Litecoin Price Analysis: 08 August

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Bitcoin closed above $45,000, for the first time since May 19, and this milestone pumped the altcoins too. BTC’s next resistance is at $48,000,  whereas, Ethereum eyed a move towards $3500. Conversely, Litecoin failed to mimic its larger counterparts as it noted a minor decline in prices.

Bitcoin (BTC)

Bitcoin, Ethereum and Litecoin Price Analysis: 08 August

BTC/USD, TradingView

BTC traded at $45,312 after closing above an important resistance level of $42,000. The next is resistance  at $48,000. The 4-hour chart of BTC pointed towards strengthening of the bulls in the market.

Parabolic SAR’s dotted lines were seen below the candlesticks implying a rise in prices. Green signal bars amplified on the Awesome Oscillator suggesting bullish momentum along with an increased buying pressure. The Relative Strength Index was spotted in the overbought zone validating the aforementioned statement. 

In case of a decline, the first support lies at $42,770 and then at $41,172. 

Ethereum(ETC)

Bitcoin, Ethereum and Litecoin Price Analysis: 08 August

ETH/USD, TradingView

Ethereum registered impressive gains right after the London Hard Fork.  It gained almost 15% over the last two days after the London Hard Fork.  It was valued at $3139 at press time, however, it recorded minor gains of 2% since yesterday.

If ETH continues to rise, the resistance to watch out for, would be at $3500. On the flip side, the support region for ETH is at $2800 and $2400.

Buying pressure mounted as the Relative Strength Index displayed overbought conditions in the market. Capital inflows remained higher than outflows at the time of writing and the MACD indicator continued to observe green bars, however, the indicator also noted declining bullish momentum.

Litecoin (LTC)

Bitcoin, Ethereum and Litecoin Price Analysis: 08 August

LTC/USD, TradingView

LTC was priced at $155 after it increased by 1% yesterday. The technical outlook for LTC remained bullish. However, if the coin remained at the current price level over upcoming trading sessions, it could fall to its support level of $143.

On the upside, it could again try to cross the $156 resistance level. MACD despite trading above the half-line noted receding buying pressure. Awesome Oscillator displayed a green signal bar after a session of trading in the red, which verified the ab0ve mentioned reading. 

Bollinger Bands, however, opened up underlying chances of increased market volatility. 

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Litecoin

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 6th, 2021

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Ethereum

Ethereum rose by 3.84% on Thursday. Following an 8.63% rally on Wednesday, Ethereum ended the day at $2,829.39.

A bearish start to the day saw Ethereum fall to a mid-day intraday low $2,534.30 before making a move.

Coming within range of the first major support level at $2,530, Ethereum rallied to a late intraday high $2,845.00.

Ethereum broke through the 38.2% FIB of $2,740 to test the first major resistance level at S2,845 before easing back.

At the time of writing, Ethereum was up by 0.56% to $2,845.18. A mixed start to the day saw Ethereum fall to an early morning low $2,823.01 before rising to a high $2,845.54.

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

For the day ahead

Ethereum would need to avoid the 38.2% FIB of $2,740 and the $2,736 pivot to bring the first major resistance level at $2,938 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $2,845.00.

Barring an extended crypto rally, the first major resistance level and resistance at $3,000 would likely cap any upside.

In the event of another broad-based crypto rally, Ethereum could test resistance at $3,150 before any pullback. The second major resistance level sits at $3,047.

A fall through the 38.2% FIB of $2,740 and the $2,736 pivot would bring the first major support level at $2,628 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,600 levels. The second major support level sits at $2,426.

Looking at the Technical Indicators

First Major Support Level: $2,628

Pivot Level: $2,736

First Major Resistance Level: $2,938

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin rose by 0.74% on Thursday. Following a 2.94% gain on Wednesday, Litecoin ended the day at $143.60.

Tracking the broader market, Litecoin fell to a mid-day intraday low $136.25 before making a move.

Litecoin fell through the first major support level at $137 before rallying to a late intraday high $145.25.

Falling short of the first major resistance level at $146, however, Litecoin eased back to end the day at sub-$144 levels.

At the time of writing, Litecoin was up by 0.20% to $143.88. A mixed start to the day saw Litecoin fall to an early morning low $143.60 before rising to a high $144.05.

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

For the day ahead

Litecoin would need to avoid the $142 pivot to bring the first major resistance level at $147 into play.

Support from the broader market would be needed, however, for Litecoin to breakout from $145 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another extended breakout, Litecoin could test the second major resistance level at $151.

A fall through the $142 pivot would bring the first major support level at $138 into play.

Barring another extended sell-off, however, Litecoin should continue to steer clear of sub-$135 levels. The second major support level sits at $133.

Looking at the Technical Indicators

First Major Support Level: $138

Pivot Level: $142

First Major Resistance Level: $147

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 0.31% on Thursday. Following a 2.12% gain on Wednesday, Ripple’s XRP ended the day at $0.73321.

A bearish start to the day saw Ripple’s XRP fall to a mid-day intraday low $0.70170 before making a move.

Ripple’s XRP fell through the first major support level at $0.7043 before rallying to a late intraday high $0.73866.

Falling short of the first major resistance level at $0.7479, however, Ripple’s XRP eased back to end the day at sub-$0.735 levels.

At the time of writing, Ripple’s XRP was up by 0.34% to $0.73572. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.73399 before rising to a high $0.73572.

Ripple’s XRP left the major support and resistance levels untested early on.

For the day ahead

Ripple’s XRP will need to avoid the $0.7245 pivot to bring the first major resistance level at $0.7473 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Thursday’s high $0.73866.

Barring an extended crypto rally, the first major resistance level and resistance at $0.75 would likely cap any upside.

In the event of another breakout, Ripple’s XRP could test resistance at $0.78 before any pullback. The second major resistance level sits at $0.7615.

A fall through the $0.7245 pivot would bring the first major support level at $0.7104 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.70 levels. The second major support level sits at $0.6876.

Looking at the Technical Indicators

First Major Support Level: $0.7104

Pivot Level: $0.7245

First Major resistance Level: $0.7473

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

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

Thanks, Bob

This article was originally posted on FX Empire

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Dogecoin

Dogecoin – Daily Tech Analysis – August 4th, 2021

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Dogecoin

Dogecoin slid by 3.54% on Tuesday. Following a 0.49% decline on Monday, Dogecoin ended the day at $0.1962.

A mixed the start to the day saw Dogecoin rise to an early morning intraday high $0.2051 before hitting reverse.

Falling short of the first major resistance level at $0.2083, Dogecoin slid to a mid-day intraday low $0.1929.

Dogecoin fell through the first major support level at $0.2001 and the second major support level at $0.1968.

Finding early afternoon support, Dogecoin briefly broke back through the second major support level before ending the day at sub-$0.1965 levels.

At the time of writing, Dogecoin was up by 1.18% to $0.1985. A mixed start to the day saw Dogecoin fall to an early morning low $0.1962 before rising to a high $0.1999.

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

For the day ahead

Dogecoin would need to avoid a fall back through the $0.1981 pivot to bring the first major resistance level at $0.2032 into play.

Support from the broader market would be needed, however, for Dogecoin to break back through to $0.20 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.2051 would likely cap any upside.

In the event of another breakout, Dogecoin could test the second major resistance level at $0.2103.

A fall back through the $0.1981 pivot would bring the first major support level at $0.1910 into play.

Barring another extended sell-off, however, Dogecoin should steer clear of the second major support level at $0.1859.

Looking at the Technical Indicators

First Major Support Level: $0.1910

Pivot Level: $0.1981

First Major Resistance Level: $0.2032

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

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Dogecoin

SafeMoon, Dogecoin and Bitcoin – European Wrap 3 August

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SafeMoon price showed no resilience as it cut through stable and crucial support levels. While the current situation might seem bearish, things can turn around if the bulls manage to make a comeback soon.

 

SAFEMOON/USDT 12-hour chart

Dogecoin price has appeared to have shown a technical pattern that suggests a bearish forecast, with a target of nearly 20% in favor of the bears. DOGE is little room to move on the upside, with a great deal of resistances obstructing any bullish momentum. 

DOGEUSDT

Bitcoin price retested the range high during its recent exponential upswing and the altcoins followed suit. However, this uptrend is running out of steam and is retracing as investors continue to book profits.

 

BTC/USDT 9-hour chart

 

 

 

 

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Dogecoin

Dogecoin – Daily Tech Analysis – August 3rd, 2021

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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

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Litecoin

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 2nd, 2021

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For the day ahead

Litecoin would need to move through the $143 pivot to bring the first major resistance level at $147 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $145 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $150 would likely cap any upside.

In the event of another extended breakout, Litecoin could test the second major resistance level at $155.

Failure to move through the $143 pivot would bring the first major support level at $136 into play.

Barring another extended sell-off, however, Litecoin should continue to steer clear of sub-$130 levels. The second major support level at $131 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $136

Pivot Level: $143

First Major Resistance Level: $147

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP fell by 2.83% on Sunday. Following a 0.89% loss on Saturday, Ripple’s XRP ended the week up by 19.54% to $0.72533.

After a mixed start to the day, Ripple’s XRP rose to a mid-morning intraday high $0.77741 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.7581 and the second major resistance level at $0.7697.

The reversal, however, saw Ripple’s XRP slide to a late intraday low $0.70587.

Ripple’s XRP fell through the first major support level at $0.7363 and the second major support level at $0.7262.

Steering clear of sub-$0.70 levels, Ripple’s XRP moved back through to $0.72 levels to reduce the deficit.

At the time of writing, Ripple’s XRP was up by 0.68% to $0.73027. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.72250 before rising to a high $0.73027.

Ripple’s XRP left the major support and resistance levels untested early on.

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