empty
12.07.2024 05:48 AM
Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday July 12 2024.

This image is no longer relevant

If we look at the 4-hour chart, we can see that the EMA 20 is moving inside the body of the Doge Crypto currency candle, which means that it is currently in a Sideways condition, but with the EMA 50 position being above this price movement, this indicates that there is still quite a lot of selling pressure, but with the appearance of a Bullish pattern 123 coupled with the appearance of hidden deviations where the Doge price movement made a Higher Low while the Stochastic Oscillator indicator actually formed a Lower Low, so based on these two facts, Doge in the near future has the potential to be corrected stronger and will try to broke above the 0.11406 level if on its way to breaking above this level it does not If it returns to its original bias and broken below the 0.10318 level, Doge has the potential to continue its strengthening up to the 0.11786 level as its main target and if momentum and volatility support it, Doge will go to 0.12439.

(Dsiclaimer)

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Bitcoin: why May could become pivot point for crypto market

While financial mainstream market participants are mulling over recession risks and interest rates, Bitcoin is steadily gaining ground. April has turned out to be the strongest month for the leading

Ekaterina Kiseleva 16:05 2025-04-30 UTC+2

What could help Bitcoin to advance to new level

While Bitcoin—and the entire cryptocurrency market—awaits crucial US economic data that could shape the Federal Reserve's path, Goldman Sachs has shared what it believes could help crypto reach

Jakub Novak 13:25 2025-04-30 UTC+2

Bitcoin and Ether hold their ground

Yesterday's sharp intraday declines in Bitcoin and Ether were quickly bought up, signaling ongoing interest from traders and investors who are simply waiting for more attractive buying levels. Meanwhile, lawmakers

Jakub Novak 12:59 2025-04-30 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 30

Bitcoin and Ethereum buyers continue to take advantage of the good moments of the market decline and buy it out quickly, as demonstrated today during Asian trading. Importantly, Bitcoin

Miroslaw Bawulski 08:57 2025-04-30 UTC+2

BTC/USD Analysis on April 29, 2025

The wave pattern on the 4-hour chart of the BTC/USD has become somewhat more complex. We observed a corrective downward structure that completed its formation around the $75,000 mark. After

Chin Zhao 11:30 2025-04-29 UTC+2

$200,000 for Bitcoin by Year-End

While Bitcoin is still struggling to break through the $95,000 level — despite all the conditions being in place — Standard Chartered believes that in the second quarter, the leading

Jakub Novak 11:09 2025-04-29 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 29

Bitcoin and Ethereum Buyers Are Trying to Control the Market — and So Far, They're Doing Quite Well However, it's important to note that the longer we remain below $95,000

Miroslaw Bawulski 08:51 2025-04-29 UTC+2

Bitcoin at the Start of a New Rally: When to Expect $120,000 and Beyond

After a week full of turbulence, the cryptocurrency market seems to have taken a deep breath. The Fear and Greed Index has been recorded at 51 — a rare neutral

Ekaterina Kiseleva 01:15 2025-04-29 UTC+2

XRP futures to launch on May 19

Over the weekend, Bitcoin experienced a brief dip but soon returned to the $94,000 level. Ether also faced some pressure, but managed to hold its ground. Surprisingly, XRP saw only

Jakub Novak 16:14 2025-04-28 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 28

Bitcoin is being pressured, but it still holds up quite confidently. After rebounding from the $92,000 mark, the first cryptocurrency returned to the $94,000 area, maintaining good growth prospects

Miroslaw Bawulski 08:19 2025-04-28 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.