Dogecoin – Daily Tech Analysis – August 18th, 2021
Dogecoin slid by 6.26% on Tuesday. Following a 6.11% loss on Monday, Dogecoin ended the day at $0.2994.
A combined begin to the day noticed Dogecoin rise to an early morning intraday excessive $0.3402 earlier than hitting reverse.
Falling in need of the primary main resistance degree at $0.3443, Dogecoin slid to a late intraday low $0.2941.
The sell-off noticed Dogecoin fall by the primary main assist degree at $0.3023 and the 23.6% FIB of $0.3016 to finish the day at sub-$0.30 ranges.
On the time of writing, Dogecoin was down by 1.48% to $0.2950. A combined begin to the day noticed Dogecoin rise to an early morning excessive $0.3030 earlier than falling to a low $0.2897.
Whereas Dogecoin left the key assist and resistance ranges untested, Dogecoin briefly broke by the 23.6% FIB of $0.3016.
For the day forward
Dogecoin would wish to maneuver by the 23.6% FIB and the $0.3112 pivot to deliver the primary main resistance degree at $0.3284 into play.
Help from the broader market could be wanted, nevertheless, for Dogecoin to interrupt again by to $0.32 ranges.
Barring an prolonged crypto rally, the primary main resistance degree and resistance at $0.33 would possible cap any upside.
Within the occasion of a breakout, Dogecoin might take a look at the second main resistance degree at $0.3573.
Failure to maneuver by the 23.6% FIB of $0.3016 and the $0.3112 pivot would deliver the primary main assist degree at $0.2823 into play.
Barring an prolonged sell-off, nevertheless, Dogecoin ought to avoid the second main assist degree at $0.2651.
Trying on the Technical Indicators
First Main Help Stage: $0.2823
Pivot Stage: $0.3112
First Main Resistance Stage: $0.3284
23.6% FIB Retracement Stage: $0.3016
38.2% FIB Retracement Stage: $0.3859
62% FIB Retracement Stage: $0.5221
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