DOGECOIN - DOGE/USD - 1H - Technical analysis published on 05/08/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
61%
17%
My opinion
Bullish above 0.643863 USD
My targets
0.676474 USD (+3.52%)
0.688389 USD (+5.35%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.643863 USD remains possible. It is advisable to trade DOGECOIN - DOGE/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.643863 USD. The next bullish objective for buyers is set at 0.676474 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.688389 USD. PS: if there is a bearish break in the support located at 0.643863 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
0.5
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This analysis was given by andyfabel. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOGECOIN - DOGE/USD price is 0.653458 USD. The price registered a decrease of -5.17% on the session with the lowest point at 0.600822 USD and the highest point at 0.735025 USD. The deviation from the price is +8.76% for the low point and -11.10% for the high point.0.600822
0.735025
0.653458
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 1H of this DOGECOIN - DOGE/USD chart shows a bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.407632 | 0.512096 | 0.643863 | 0.653458 | 0.688389 |
| Change (%) | -37.62% | -21.63% | -1.47% | - | +5.35% |
| Change | -0.245826 | -0.141362 | -0.009595 | - | +0.034931 |
| Level | Major | Minor | Intermediate | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.339249 | 0.425673 | 0.557359 | 0.643783 | 0.775469 | 0.861893 | 0.993579 |
| Camarilla | 0.629066 | 0.649059 | 0.669053 | 0.689046 | 0.709039 | 0.729033 | 0.749026 |
| Woodie | 0.361881 | 0.436989 | 0.579991 | 0.655099 | 0.798101 | 0.873209 | 1.016211 |
| Fibonacci | 0.425673 | 0.508991 | 0.560465 | 0.643783 | 0.727101 | 0.778575 | 0.861893 |
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): | 40.54 | |
| MACD (12,26,9): | -0.0032 | |
| Directional Movement: | -15.125859 | |
| AROON (14): | -35.714285 | |
| DEMA (21): | 0.669603 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.682681 | |
| Elder Ray (13): | -0.038511 | |
| Super Trend (3,10): | 0.627617 | |
| Zig ZAG (10): | 0.626563 | |
| VORTEX (21): | 0.9074 | |
| Stochastique (14,3,5): | 36.53 | |
| TEMA (21): | 0.652176 | |
| Williams %R (14): | -77.44 | |
| Chande Momentum Oscillator (20): | -0.059258 | |
| Repulse (5,40,3): | -5.1472 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1655 | |
| Courbe Coppock: | 14.89 |
| MA7: | 0.553234 | |
| MA20: | 0.389320 | |
| MA50: | 0.211111 | |
| MA100: | 0.132856 | |
| MAexp7: | 0.653607 | |
| MAexp20: | 0.667138 | |
| MAexp50: | 0.650999 | |
| MAexp100: | 0.609700 | |
| Price / MA7: | +18.12% | |
| Price / MA20: | +67.85% | |
| Price / MA50: | +209.53% | |
| Price / MA100: | +391.85% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -2.05% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +7.18% |
Quotes :
-
Real time data
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