Home / Ethereum / Price Analysis Dogecoin (DOGE), Tron (TRX), Ethereum (ETH) 14 – 15 September – Crypto Recorder

Price Analysis Dogecoin (DOGE), Tron (TRX), Ethereum (ETH) 14 – 15 September – Crypto Recorder



Dogecoin (DOGE)

After breaking the 100-day moving average support level at 101 satoshis, Dogecoin (DOGE) dropped to an intra-day minimum of 90 satoshi. However, it has since rebounded and is now trading above the 200-day moving average, which now offers more support to 93 satoshi. For a trader with a 24-hour goal on Dogecoin (DOGE), the key level to keep an eye on is 93 satoshi on the 200-day moving average. If Dogecoin breaks below this level and rethinks 90 satoshi, it would be better to go short with a goal of 68 satoshi, a significant level of support in the chart of the day.

On the other hand, if Dogecoin (DOGE) breaks above the 100-day moving average support level at 101 satoshi, it would be best to go long with a 120-satoshi target. This is a long-term resistance level, in which it may vary or reverse during the day. However, if Dogecoin (DOGE) does not leave Satoshis' 93-100 range in the next 6 – 12 hours, he could go there all day and consolidate himself for a break in both directions next week. Such an interval could be due to a decline in volumes when weekend trade starts to break out.

Tron (TRX)

Tron (TRX) started the day above the 200-day moving average, offering key support for $ 0.0197. However, since then it has broken below and now seems set to test a second level of support, the 100-day MA at $ 0.0189. For a trader who wants to trade Tron (TRX), it is important to keep an eye on the 100 day moving average level. If Tron (TRX) breaks below this level, then a short position would offer the best reward potential with a goal of $ 0.0172. This is Tron's minimum in the last 3 days, one that will probably hold or offer a basis for a short-term reversal.

On the other hand, if Tron (TRX) goes back above the 200-day moving average at $ 0.0197 and passes the previous maximum of $ 0.0206, it would be more prudent to go long with a goal of $ 0.026. This is the 55 day moving average resistance level of the day's chart, which could be maintained in the short term.

Ethereum (ETH)

Ethereum (ETH) was one of the best performers in the last 24 hours. He started the day above the 200-day moving average at $ 208 and reached a maximum of $ 224.24. However, it has since returned back to $ 205- $ 204, although it is still trading above the 200-day moving average which offers significant support. For a day trader observing Ethereum (ETH), it is best to wait until there is a clear break outside of this range. If Ethereum (ETH) breaks under the 200 day MA and further under $ 200, it would be better to go short, with a goal of $ 183.13. It is a key support level on the 55-day moving average, one that could hold during the day.

On the other hand, if Ethereum exceeds yesterday's maximum of $ 224, a long entry would be more ideal with a $ 287 goal. This is the next level of key resistance during the day.

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