DOGECOIN - DOGE/USD
DOGECOIN - DOGE/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: DOGEUSD
ISIN:

DOGECOIN - DOGE/USD - Daily - Technical analysis published on 05/08/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.502619 USD
My targets
0.676474 USD (+2.13%)
0.901137 USD (+36.05%)
My analysis
DOGECOIN - DOGE/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.502619 USD. The next resistance located at 0.676474 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.901137 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
8.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by cryptout. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The DOGECOIN - DOGE/USD rating is 0.662350 USD. On the day, this instrument lost -3.87% and was traded between 0.631856 USD and 0.735025 USD over the period. The price is currently at +4.83% from its lowest and -9.89% from its highest.

0.631856
0.735025
0.662350

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this DOGECOIN - DOGE/USD chart shows a strongly bullish trend. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 0.078472 0.247107 0.407632 0.662350
Change (%) -88.15% -62.69% -38.46% -
Change -0.583878 -0.415243 -0.254718 -
Level Minor Intermediate Major -



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3392490.4256730.5573590.6437830.7754690.8618930.993579
Camarilla0.6290660.6490590.6690530.6890460.7090390.7290330.749026
Woodie0.3618810.4369890.5799910.6550990.7981010.8732091.016211
Fibonacci0.4256730.5089910.5604650.6437830.7271010.7785750.861893


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1037040.1641300.2751580.3355840.4466120.5070380.618066
Camarilla0.3390350.3547520.3704680.3861850.4019020.4176180.433335
Woodie0.1290040.1767810.3004580.3482350.4719120.5196890.643366
Fibonacci0.1641300.2296260.2700890.3355840.4010800.4415430.507038


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.294417-0.1205620.1041010.2779560.5026190.6764740.901137
Camarilla0.2191730.2557030.2922340.3287650.3652960.4018270.438358
Woodie-0.269012-0.1078600.1295060.2906580.5280240.6891760.926542
Fibonacci-0.1205620.0316720.1257220.2779560.4301900.5242400.676474

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): 73.34
MACD (12,26,9): 0.1214
Directional Movement: 31.717244
AROON (14): 92.857143
DEMA (21): 0.567124
Parabolic SAR (0,02-0,02-0,2): 0.366299
Elder Ray (13): 0.195653
Super Trend (3,10): 0.368980
Zig ZAG (10): 0.661343
VORTEX (21): 1.1987
Stochastique (14,3,5): 85.06
TEMA (21): 0.631998
Williams %R (14): -12.70
Chande Momentum Oscillator (20): 0.405177
Repulse (5,40,3): 18.4023
ROCnROLL: 1
TRIX (15,9): 5.7790
Courbe Coppock: 210.97
MA7: 0.555859
MA20: 0.391261
MA50: 0.211852
MA100: 0.133215
MAexp7: 0.568556
MAexp20: 0.421368
MAexp50: 0.272753
MAexp100: 0.178021
Price / MA7: +19.16%
Price / MA20: +69.29%
Price / MA50: +212.65%
Price / MA100: +397.20%
Price / MAexp7: +16.50%
Price / MAexp20: +57.19%
Price / MAexp50: +142.84%
Price / MAexp100: +272.06%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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