{"id":205315,"date":"2021-12-07T17:30:04","date_gmt":"2021-12-07T12:00:04","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=205315"},"modified":"2021-12-07T13:42:37","modified_gmt":"2021-12-07T08:12:37","slug":"dogecoin-chainlink-ethereum-classic-price-analysis-7-december","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoin-chainlink-ethereum-classic-price-analysis-7-december\/","title":{"rendered":"Dogecoin, Chainlink, Ethereum Classic Price Analysis: 7 December"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Over the past three days, bulls managed to recover nearly half of the value lost during the massive sell-off on 3 December. <\/span><span data-preserver-spaces=\"true\">As a result, Dogecoin, Chainlink, and Ethereum Classic noted daily gains. <\/span><span data-preserver-spaces=\"true\">However, they struggled to gather high trading volumes.<\/span><\/p>\n<p>While Chainlink bid adieu to its long-term bullish trend, Dogecoin bolstered its long-term downswing.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">Dogecoin (DOGE)<\/span><\/strong><\/p>\n<figure id=\"attachment_205317\" aria-describedby=\"caption-attachment-205317\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-07_12-07-11.png\"><img decoding=\"async\" class=\"wp-image-205317 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-07_12-07-11.png\" alt=\"\" width=\"2985\" height=\"1309\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-07_12-07-11.png 2985w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-07_12-07-11-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-07_12-07-11-1024x449.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-07_12-07-11-768x337.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-07_12-07-11-1536x674.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/DOGEUSD_2021-12-07_12-07-11-2048x898.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-205317\" class=\"wp-caption-text\">Source: TradingView, DOGE\/USD<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">DOGE propelled its long-term bearish drift as the price action plunged to poke its\u00a0<\/span><strong><span data-preserver-spaces=\"true\">33-week low\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">on 3 December. After hitting its 11-week milestone on 28 October, the alt marked a descending triangle that transposed into a down-channel on its 4-hour chart.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bulls attempted an early December recovery but failed to hold their ground. After retesting it twice, DOGE bears finally snapped the four-month resistance at the 0.197-mark post an up-channel breakdown.\u00a0 \u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Even though the bulls slipped, they ensured the 7-month support at the $0.161-mark. Consequently, DOGE bulls managed to push clear the 20-<\/span><strong><span data-preserver-spaces=\"true\">SMA\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">(red) hurdle. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">AT press time, DOGE traded 75.5% below its ATH at $0.1798. The <\/span><strong><span data-preserver-spaces=\"true\">RSI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">touched its 24-week low on 3 December. It showed some revival signs, but a<strong>\u00a0<\/strong><\/span>bearish divergence<span data-preserver-spaces=\"true\">\u00a0(white trendline) between the price action and RSI depicted a possible near-term bullish setback. On the flip side, the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">MACD\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">displayed the recently increased bullish momentum.\u00a0<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Chainlink (LINK)<\/span><\/strong><\/p>\n<figure id=\"attachment_205318\" aria-describedby=\"caption-attachment-205318\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/LINKUSDT_2021-12-07_13-02-41.png\"><img decoding=\"async\" class=\"wp-image-205318 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/LINKUSDT_2021-12-07_13-02-41.png\" alt=\"\" width=\"2985\" height=\"1310\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/LINKUSDT_2021-12-07_13-02-41.png 2985w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/LINKUSDT_2021-12-07_13-02-41-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/LINKUSDT_2021-12-07_13-02-41-1024x449.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/LINKUSDT_2021-12-07_13-02-41-768x337.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/LINKUSDT_2021-12-07_13-02-41-1536x674.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/LINKUSDT_2021-12-07_13-02-41-2048x899.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-205318\" class=\"wp-caption-text\">Source: TradingView, LINK\/USDT<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">LINK parted ways from its bullish trend (since July) after an up-channel breakdown and poked its 19-week low on 3 December. After hitting its six-month high on 10 November, the bulls lost their vigor as the bears ensured the 29-week resistance at the $34.9-mark.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Although the bulls tailed off, they ensured the four-month support at the $18.6-mark. Consequently, LINK traded at $19.94 after noting a nearly 10.5% 24-hour gain.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The\u00a0<\/span><strong><span data-preserver-spaces=\"true\">RSI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">touched its record low at the 19.07-mark on 4 December. Since then, it showed some revival but could not cross the midline. Further, the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">DMI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">visibly chose the sellers with a high directional trend. <\/span><span data-preserver-spaces=\"true\">Now, LINK bulls will have to propel increased volumes to avoid a likely fallback from the $20.86 hurdle.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Ethereum Classic (ETC)<\/span><\/strong><\/p>\n<figure id=\"attachment_205319\" aria-describedby=\"caption-attachment-205319\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ETCUSDT_2021-12-07_12-58-03.png\"><img decoding=\"async\" class=\"wp-image-205319 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ETCUSDT_2021-12-07_12-58-03.png\" alt=\"\" width=\"2985\" height=\"1309\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ETCUSDT_2021-12-07_12-58-03.png 2985w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ETCUSDT_2021-12-07_12-58-03-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ETCUSDT_2021-12-07_12-58-03-1024x449.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ETCUSDT_2021-12-07_12-58-03-768x337.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ETCUSDT_2021-12-07_12-58-03-1536x674.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/12\/ETCUSDT_2021-12-07_12-58-03-2048x898.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-205319\" class=\"wp-caption-text\">Source: TradingView, ETC\/USDT<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">After poking its ten-week high on 9 November, the bulls lost their edge as the price declined between the down channel. Then, after a 10% up-channel breakout on 25 November, the bulls failed to sustain their advantage as the price fell, marking a symmetrical triangle.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The bulls needed to sustain the 19-week support at the $44.7-mark. But they failed to uphold that level causing a further breakdown toward its seven-month low at $28.12. The bulls, however, managed to revive the seven-month support at the $37.68-mark.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Consequently, at press time, ETC traded at $39.21 after noting a 6.48% 24 hour gain. After dipping to the 12-mark, the <\/span><strong><span data-preserver-spaces=\"true\">RSI\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">showed revival signs over the past four days. Also, the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">MACD\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">projected a near-term bullish comeback as the price action crossed the 20-<\/span><strong><span data-preserver-spaces=\"true\">SMA\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">level (red).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past three days, bulls managed to recover nearly half of the value lost during the massive sell-off on 3 December. As a result, Dogecoin, Chainlink, and Ethereum Classic noted daily gains. However, they struggled to gather high trading volumes. While Chainlink bid adieu to its long-term bullish trend, Dogecoin bolstered its long-term downswing.<a href=\"https:\/\/ambcrypto.com\/dogecoin-chainlink-ethereum-classic-price-analysis-7-december\/\">Continue reading <span class=\"sr-only\">&#8220;Dogecoin, Chainlink, Ethereum Classic Price Analysis: 7 December&#8221;<\/span><\/a><\/p>\n","protected":false},"author":55,"featured_media":205322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,4,20],"tags":[410],"class_list":["post-205315","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view","tag-link"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dogecoin, Chainlink, Ethereum Classic Price Analysis: 7 December - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Over the past three days, bulls managed to recover nearly half of the value lost during the massive sell-off on 3 December. 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