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Dogecoin – Daily Tech Analysis – September 15th, 2021

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September 15, 2021
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Dogecoin – Daily Tech Analysis – September 15th, 2021
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Dogecoin

Dogecoin rose by 2.03% on Tuesday. Partially reversing a 5.72% slide from Monday, Dogecoin ended the day at $0.2407.

A blended begin to the day noticed Dogecoin fall to an early morning intraday low $0.2338 earlier than making a transfer.

Steering away from the primary main help degree at $0.2252, Dogecoin rose to a late afternoon intraday excessive $0.2417.

Falling wanting the primary main resistance degree at $0.2494, Dogecoin slipped again to sub-$0.24 ranges earlier than discovering late help.

On the time of writing, Dogecoin was down by 0.42% to $0.2397. A blended begin to the day noticed Dogecoin rise to an early morning excessive $0.2411 earlier than falling to a low $0.2394.

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

For the day forward

Dogecoin would want to keep away from the $0.2387 pivot to carry the primary main resistance degree at $0.2437 into play.

Help from the broader market could be wanted, nonetheless, for Dogecoin to interrupt out from Tuesday’s excessive $0.2417.

Barring an prolonged crypto rally, the primary main resistance degree would doubtless cap the upside

Within the occasion of a broad-based crypto rally, Dogecoin may take a look at resistance at $0.25 ranges earlier than any pullback. The second main resistance degree sits at $0.2466.

A fall by the $0.2387 pivot would carry the primary main help degree at $0.2358 into play.

Barring one other prolonged sell-off, nonetheless, Dogecoin ought to keep away from sub-$0.23 ranges. The second main help degree at $0.2308 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Help Degree: $0.2358

Pivot Degree: $0.2387

First Main Resistance Degree: $0.2437

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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