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 05/09/2021 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 0.502619 USD

My targets

0.572908 USD (+8.01%)

0.676474 USD (+27.54%)

My analysis

The bullish trend is currently very strong on DOGECOIN - DOGE/USD. As long as the price remains above the support at 0.502619 USD, you could try to benefit from the boom. The first bullish objective is located at 0.572908 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.676474 USD as an objective. Crossing it would then enable buyers to target 0.901137 USD. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

Comment on the analysis

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 andyfabel. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DOGECOIN - DOGE/USD rating 0.530415 USD. The price registered a decrease of -15.25% on the session and was traded between 0.476338 USD and 0.700535 USD over the period. The price is currently at +11.35% from its lowest and -24.28% from its highest.

0.476338

0.700535

0.530415

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DOGECOIN - DOGE/USD:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of DOGECOIN - DOGE/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

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

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.078472	0.247107	0.407632	0.530415
Change (%)	-85.21%	-53.41%	-23.15%	-
Change	-0.451943	-0.283308	-0.122783	-
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
Standard	0.438560	0.519691	0.572763	0.653894	0.706966	0.788097	0.841169
Camarilla	0.588929	0.601231	0.613533	0.625835	0.638137	0.650439	0.662741
Woodie	0.424531	0.512676	0.558734	0.646879	0.692937	0.781082	0.827140
Fibonacci	0.519691	0.570957	0.602629	0.653894	0.705160	0.736832	0.788097

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.033630	0.195747	0.410791	0.572908	0.787952	0.950069	1.165113
Camarilla	0.522116	0.556689	0.591262	0.625835	0.660408	0.694981	0.729554
Woodie	0.060094	0.208979	0.437255	0.586140	0.814416	0.963301	1.191577
Fibonacci	0.195747	0.339823	0.428833	0.572908	0.716984	0.805994	0.950069

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	60.01
MACD (12,26,9):	0.1119
Directional Movement:	17.647797
AROON (14):	92.857140
DEMA (21):	0.566880
Parabolic SAR (0,02-0,02-0,2):	0.417921
Elder Ray (13):	0.100100
Super Trend (3,10):	0.344338
Zig ZAG (10):	0.531384
VORTEX (21):	1.1085
Stochastique (14,3,5):	76.47
TEMA (21):	0.618897
Williams %R (14):	-42.10
Chande Momentum Oscillator (20):	0.260759
Repulse (5,40,3):	-22.0010
ROCnROLL:	1
TRIX (15,9):	5.7296
Courbe Coppock:	211.33

MA7:	0.577067
MA20:	0.394725
MA50:	0.220118
MA100:	0.137599
MAexp7:	0.554945
MAexp20:	0.427278
MAexp50:	0.281227
MAexp100:	0.184025
Price / MA7:	-8.08%
Price / MA20:	+34.38%
Price / MA50:	+140.97%
Price / MA100:	+285.48%
Price / MAexp7:	-4.42%
Price / MAexp20:	+24.14%
Price / MAexp50:	+88.61%
Price / MAexp100:	+188.23%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

Online

Overall rating :

15096

Number of analyses :

72032

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…