DOGECOIN - DOGE/USD - 1H - Technical analysis published on 05/07/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.609072 USD
My targets
0.676474 USD (+6.96%)
0.688389 USD (+8.84%)
My analysis
The bullish trend is currently very strong on DOGECOIN - DOGE/USD. As long as the price remains above the support at 0.609072 USD, you could try to benefit from the boom. The first bullish objective is located at 0.676474 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.688389 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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Additional analysis
Quotes
The DOGECOIN - DOGE/USD rating is 0.632454 USD. The price has increased by +9.42% since the last closing and was traded between 0.512096 USD and 0.649688 USD over the period. The price is currently at +23.50% from its lowest and -2.65% from its highest.0.512096
0.649688
0.632454
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DOGECOIN - DOGE/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.521254 | 0.575116 | 0.609072 | 0.632454 | 0.688389 |
| Change (%) | -17.58% | -9.07% | -3.70% | - | +8.84% |
| Change | -0.111200 | -0.057338 | -0.023382 | - | +0.055935 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.401426 | 0.470741 | 0.524382 | 0.593697 | 0.647338 | 0.716653 | 0.770294 |
| Camarilla | 0.544211 | 0.555482 | 0.566753 | 0.578024 | 0.589295 | 0.600566 | 0.611837 |
| Woodie | 0.393590 | 0.466823 | 0.516546 | 0.589779 | 0.639502 | 0.712735 | 0.762458 |
| Fibonacci | 0.470741 | 0.517710 | 0.546728 | 0.593697 | 0.640666 | 0.669684 | 0.716653 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.103704 | 0.164130 | 0.275158 | 0.335584 | 0.446612 | 0.507038 | 0.618066 |
| Camarilla | 0.339035 | 0.354752 | 0.370468 | 0.386185 | 0.401902 | 0.417618 | 0.433335 |
| Woodie | 0.129004 | 0.176781 | 0.300458 | 0.348235 | 0.471912 | 0.519689 | 0.643366 |
| Fibonacci | 0.164130 | 0.229626 | 0.270089 | 0.335584 | 0.401080 | 0.441543 | 0.507038 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.294417 | -0.120562 | 0.104101 | 0.277956 | 0.502619 | 0.676474 | 0.901137 |
| Camarilla | 0.219173 | 0.255703 | 0.292234 | 0.328765 | 0.365296 | 0.401827 | 0.438358 |
| Woodie | -0.269012 | -0.107860 | 0.129506 | 0.290658 | 0.528024 | 0.689176 | 0.926542 |
| Fibonacci | -0.120562 | 0.031672 | 0.125722 | 0.277956 | 0.430190 | 0.524240 | 0.676474 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.68 | |
| MACD (12,26,9): | 0.0082 | |
| Directional Movement: | 9.184693 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.614140 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.584468 | |
| Elder Ray (13): | 0.025052 | |
| Super Trend (3,10): | 0.548439 | |
| Zig ZAG (10): | 0.630688 | |
| VORTEX (21): | 1.0583 | |
| Stochastique (14,3,5): | 73.54 | |
| TEMA (21): | 0.617083 | |
| Williams %R (14): | -17.31 | |
| Chande Momentum Oscillator (20): | -0.000719 | |
| Repulse (5,40,3): | 4.3013 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0886 | |
| Courbe Coppock: | 13.57 |
| MA7: | 0.510704 | |
| MA20: | 0.370711 | |
| MA50: | 0.198405 | |
| MA100: | 0.126316 | |
| MAexp7: | 0.618610 | |
| MAexp20: | 0.606714 | |
| MAexp50: | 0.595770 | |
| MAexp100: | 0.559568 | |
| Price / MA7: | +23.84% | |
| Price / MA20: | +70.61% | |
| Price / MA50: | +218.77% | |
| Price / MA100: | +400.69% | |
| Price / MAexp7: | +2.24% | |
| Price / MAexp20: | +4.24% | |
| Price / MAexp50: | +6.16% | |
| Price / MAexp100: | +13.03% |
Quotes :
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Real time data
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Cryptocompare
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