Mini Death Cross, Dogecoin (DOGE) is recently formed, Bitcoin (BTC) is already in the declining direction?
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The micro -death cross was formed by Shiba Eno, indicating that there may be a declining momentum in the future. An important technical event that has the ability to prolong the current declining direction is the intersection between 26 EMA and 200 EMA. This intersection is an important landmark that often indicates the beginning of more important corrections, although it is not seen repeatedly like 50 EMA and 200 Ima Death Crosses.
In the traditional death cross, the long -term momentum is referred to when 50 EMA crosses less than 200 EMA. Although it may serve as a pioneering indicator of more important prices, the 26 EMA crossing is less than 200 EMA indicates a short -term landmark. This intersection indicates that SHIB may be under more declining pressure and has difficulty maintaining the previous upward trend.
SHIB is currently trading at about 0.00001942 dollars, indicating a modest recovery from its lowest level. However, the collapse may be a challenge due to many resistance levels. First, short -term resistance at $ 0.0000206 is in line with 100 EMA. The level of resistance is the strongest that Shayb needs to breach in order to stop the decline is $ 0.0000217. The critical level in which the previous gray momentum was lost $ 0.0000223.
On the negative side, if the sale pressure increases, the following levels may work as possible support. The latest local decline, which was held for a short period before a light recovery, was $ 0.0000180. SHIB needs to stick to $ 0.0000175, which is a stronger support level, to prevent another sharp decline. The final important support is $ 0.0000160; A break below this can lead to a severe decrease.
The cross -dying configuration indicates that unless SHIB is able to restore $ 0.0000217, it may not continue to recover long. The downward trend may continue if buyers do not interfere, and possibly re -test $ 0.0000180 and less. This intersection indicates a change in the momentum that merchants should monitor, although it is not the same as the DEHEH 50-200 Cross. In order to make sure whether SHIB can overcome the resistance or continue its decline, the upcoming trading sessions will be extremely important.
Dogecoin settles
With strong support at $ 0.33, Dogecoin has finally stopped its last downward direction. In order to prevent Dog from collapse to quieter lands, 100 EMA was useful to contain additional declines.
100 EMA, which is located at about $ 0.33, was successfully broken by Dog after a long correction. This level has shown that it is a decisive field of support, which prevents sellers from lowering prices. The recent price movement indicates that buyers have defended this area, which can pave the way for a reflection, or at least stability.
Related
Currently, DOGE is trading between $ 0.33 and $ 0.34, but it must overcome a number of important resistance levels for the rise. Dog must penetrate the immediate resistance at $ 0.35 in order to get an upper momentum. The next level of interest, which corresponds to previous rejection points, is $ 0.36. Dogecoin has historically struggled to keep gatherings in the resistance area from 0.38 to $ 0.40.
The relative strength index is stable despite the previous lower direction, indicating a decrease in the pressure pressure. The volume of the sound also decreased, indicating a slowdown in the declining momentum. Slow recovery can start instead of additional decrease if Doug can maintain its position above 100 EMA.
Do not climb bitcoin
Given that the cryptocurrency is difficult to penetrate large resistance levels, its work indicates a possible problem. The short -term mourning is confirmed technically through the highest high level, which amounted to 104,600 dollars after the local peak of 109,459 dollars. There may be concerns about the additional negative pressure if a series of lower heights indicates a decline in bullish momentum.
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Bitcoin is still higher than a number of important support levels, although this clear change. Two important areas are 50 EMA at $ 101,400 and 100 EMA at $ 92,464. In the past, these moving averages were dynamic support levels, which led to more severe corrections. The situation will remain stable if Bitcoin continues to trade above this support.
Overcoming resistance at $ 104,600 is the main obstacle facing bitcoin. Another attempt can be made for $ 109,459 if there is a clear outbreak of this level, which would refute the decline of the direction. The decline may be about 50 EMA, or even 100 EMA, if sellers continue to pressure them. One should not exclude a possible re -test of the support area of $ 99,394.
Because of the date of stability, a lower decrease in this level may offer bitcoin to correction more severe towards 200 EMA at $ 82,610. Bitcoin still has a lot of support below, so unless the total state of the market increases, the complete collapse is doubtful. Bitcoin at a turning point from an artistic point of view. Expectations will turn into climbing if the bulls regain control and pay more than 104,600 dollars.
