DOGECOIN - DOGE/USD - Daily - Technical analysis published on 05/14/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 0.502619 USD
My targets
0.676474 USD (+27.28%)
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. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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This analysis was given by ppril. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DOGECOIN - DOGE/USD rating 0.531501 USD. The price registered an increase of +11.51% on the session and was traded between 0.456317 USD and 0.569126 USD over the period. The price is currently at +16.48% from its lowest and -6.61% from its highest.0.456317
0.569126
0.531501
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:
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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.078472 | 0.247107 | 0.407632 | 0.531501 | 0.689046 |
| Change (%) | -85.24% | -53.51% | -23.31% | - | +29.64% |
| Change | -0.453029 | -0.284394 | -0.123869 | - | +0.157545 |
| Level | Minor | Intermediate | Major | - | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.206889 | 0.276592 | 0.376608 | 0.446311 | 0.546327 | 0.616030 | 0.716046 |
| Camarilla | 0.429951 | 0.445509 | 0.461066 | 0.476624 | 0.492182 | 0.507739 | 0.523297 |
| Woodie | 0.222046 | 0.284170 | 0.391765 | 0.453889 | 0.561484 | 0.623608 | 0.731203 |
| Fibonacci | 0.276592 | 0.341425 | 0.381478 | 0.446311 | 0.511144 | 0.551197 | 0.616030 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.27 | |
| MACD (12,26,9): | 0.0720 | |
| Directional Movement: | 6.549765 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.547347 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.687087 | |
| Elder Ray (13): | 0.031772 | |
| Super Trend (3,10): | 0.344338 | |
| Zig ZAG (10): | 0.530402 | |
| VORTEX (21): | 1.1199 | |
| Stochastique (14,3,5): | 39.91 | |
| TEMA (21): | 0.553249 | |
| Williams %R (14): | -47.42 | |
| Chande Momentum Oscillator (20): | 0.174383 | |
| Repulse (5,40,3): | 7.6967 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 4.2170 | |
| Courbe Coppock: | 135.59 |
| MA7: | 0.504153 | |
| MA20: | 0.443745 | |
| MA50: | 0.262259 | |
| MA100: | 0.159617 | |
| MAexp7: | 0.498585 | |
| MAexp20: | 0.446473 | |
| MAexp50: | 0.316441 | |
| MAexp100: | 0.211712 | |
| Price / MA7: | +5.42% | |
| Price / MA20: | +19.78% | |
| Price / MA50: | +102.66% | |
| Price / MA100: | +232.99% | |
| Price / MAexp7: | +6.60% | |
| Price / MAexp20: | +19.04% | |
| Price / MAexp50: | +67.96% | |
| Price / MAexp100: | +151.05% |
Quotes :
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Real time data
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