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Home Dogecoin

Dogecoin – Daily Tech Analysis – September 8th, 2021

mycryptobuys by mycryptobuys
September 8, 2021
in Dogecoin, Ethereum
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Dogecoin – Daily Tech Analysis – September 8th, 2021
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Dogecoin

Dogecoin tumbled by 17.43% on Tuesday. Following a 1.72% loss on Monday, Dogecoin ended the day at $0.2554.

A blended begin to the day noticed Dogecoin rise to an early morning intraday excessive $0.3115 earlier than hitting reverse.

Falling wanting the primary main resistance degree at $0.3197, Dogecoin slumped to a mid-afternoon intraday low $0.2097.

The prolonged sell-off noticed Dogecoin fall by way of 23.6% FIB of $0.3016 and the day’s main help ranges to finish the day at $0.25 ranges.

On the time of writing, Dogecoin was up by 0.17% to $0.2558. A blended begin to the day noticed Dogecoin rise to an early morning excessive $0.2562 earlier than falling to a low $0.2506.

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

For the day forward

Dogecoin would want to maneuver by way of the $0.2589 pivot to carry the 23.6% FIB and the primary main resistance degree at $0.3080 into play.

Help from the broader market can be wanted, nevertheless, for Dogecoin to interrupt by way of to $0.30 ranges.

Barring an prolonged crypto rally, nevertheless, resistance at $0.27 would possible go away Dogecoin wanting the primary main resistance degree.

Within the occasion of a broad-based crypto rebound, Dogecoin might take a look at resistance at $0.31 ranges earlier than any pullback. The second main resistance degree sits at $0.3607.

Failure to maneuver by way of the $0.2589 would carry the primary main help degree at $0.2062 into play.

Barring one other prolonged sell-off, nevertheless, Dogecoin ought to keep away from sub-$0.20 ranges. The second main help degree sits at $0.1571.

Wanting on the Technical Indicators

First Main Help Stage: $0.2062

Pivot Stage: $0.2589

First Main Resistance Stage: $0.3080

23.6% FIB Retracement Stage: $0.3016

38.2% FIB Retracement Stage: $0.3859

62% FIB Retracement Stage: $0.5221

Please tell us what you assume within the feedback under.

Thanks, Bob

This article was initially posted on FX Empire

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