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Dogecoin – Daily Tech Analysis –June 16th, 2021

Dogecoin – Daily Tech Analysis –June 16th, 2021

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Dogecoin – Daily Tech Analysis –June 16th, 2021

by TheCryptoDirt.com
June 16, 2021
in Dogecoin
0

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Dogecoin

Dogecoin fell by 2.20% on Tuesday. Reversing a 1.11% achieve from Monday, Dogecoin ended the day at $0.3203.

A blended begin to the day noticed Dogecoin rise to an early morning intraday excessive $0.3306 earlier than hitting reverse.

Falling effectively wanting the primary main resistance degree at $0.3367, Dogecoin slid to an early afternoon intraday low $0.3165.

Dogecoin fell by the primary main help degree at $0.3191 earlier than a partial restoration to $0.32 ranges.

On the time of writing, Dogecoin was down by 0.09% to $0.3200. A blended begin to the day noticed Dogecoin fall to an early morning low $0.3184 earlier than rising to a excessive $0.3215.

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

For the day forward

Dogecoin would wish to maneuver by the $0.3225 pivot to carry the primary main resistance degree at $0.3284 into play.

Assist from the broader market could be wanted, nevertheless, for Dogecoin to interrupt out from $0.3250 ranges.

Barring an prolonged crypto rally, the primary main resistance degree and Tuesday’s excessive $0.3306 would possible cap any upside.

Within the occasion of a breakout, Dogecoin might check the second main resistance degree at $0.3366 and resistance at $0.35. The third main resistance degree sits at $0.3507.

Failure to maneuver by the $0.3225 pivot would carry the primary main help degree at $0.3143 into play.

Barring an prolonged sell-off, nevertheless, Dogecoin ought to keep away from sub-$0.31 ranges. The second main help degree sits at $0.3084.

A sustained fall by the 62% FIB of $0.2882 would kind a near-term bearish development from 8th Might’s swing hello $0.7427.

Wanting on the Technical Indicators

First Main Assist Degree: $0.3143

Pivot Degree: $0.3225

First Main Resistance Degree: $0.3284

23.6% FIB Retracement Degree: $0.5691

38.2% FIB Retracement Degree: $0.4618

62% FIB Retracement Degree: $0.2882

Please tell us what you assume within the feedback beneath.

Thanks, Bob

This article was initially posted on FX Empire

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