Dogecoin – Daily Tech Analysis – September 23rd, 2021

Dogecoin

Dogecoin surged by 11.80% on Wednesday. Reversing a 3.69% loss from Tuesday, Dogecoin ended the day at $0.2246.

A combined begin to the day noticed Dogecoin fall to an early morning intraday low $0.1999 earlier than making a transfer.

Steering away from the primary main help stage at $0.1930, Dogecoin rallied to a late morning intraday excessive $0.2306.

Dogecoin broke by the primary main resistance stage at $0.2137 and the second main resistance stage at $0.2264.

A late pullback, nevertheless, noticed Dogecoin fall again by the second main resistance stage to finish the day at sub-$0.225 ranges.

On the time of writing, Dogecoin was down by 1.26% to $0.2218. A bearish begin to the day noticed Dogecoin fall from an early morning excessive $0.2246 to a low $0.2211.

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

For the day forward

Dogecoin would want to keep away from the $0.2184 pivot to carry the primary main resistance stage at $0.2368 into play.

Help from the broader market can be wanted, nevertheless, for Dogecoin to interrupt out from Thursday’s excessive $0.2306.

Barring an prolonged crypto rally, the primary main resistance stage and resistance at $0.24 would possible cap the upside

Within the occasion of a broad-based crypto rally, Dogecoin may check resistance at $0.26 ranges earlier than any pullback. The second main resistance stage sits at $0.2491.

A fall by $0.2184 pivot would carry the primary main help stage at $0.2061 into play.

Barring one other prolonged sell-off, nevertheless, Dogecoin ought to keep away from sub-$0.20 ranges. The second main help stage sits at $0.1877.

Wanting on the Technical Indicators

First Main Help Degree: $0.2061

Pivot Degree: $0.2184

First Main Resistance Degree: $0.2368

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 suppose within the feedback beneath.

Thanks, Bob

This article was initially posted on FX Empire

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