DOGECOIN - DOGE/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	DOGEUSD
ISIN:

DOGECOIN - DOGE/USD - Weekly - Technical analysis published on 05/15/2021 (GMT)

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.277956 USD

My targets

0.572908 USD (+10.60%)

0.676474 USD (+30.59%)

My analysis

The bullish trend is currently very strong on DOGECOIN - DOGE/USD. As long as the price remains above the support at 0.277956 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

8.6

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

Additional analysis

Quotes

DOGECOIN - DOGE/USD rating 0.518009 USD. The price registered a decrease of -8.92% over 5 days and has been traded over the last 5 days between 0.346295 USD and 0.540144 USD. This implies that the 5 day price is +49.59% from its lowest point and -4.10% from its highest point.

0.346295

0.540144

0.518009

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 result:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of DOGECOIN - DOGE/USD in Weekly shows a strongly overall 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 90

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Long white line

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.002129	0.062947	0.078472	0.518009
Change (%)	-99.59%	-87.85%	-84.85%	-
Change	-0.515880	-0.455062	-0.439537	-
Level	Minor	Major	Minor	-

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.346206	0.401261	0.480739	0.535794	0.615272	0.670327	0.749805
Camarilla	0.523219	0.535552	0.547884	0.560216	0.572548	0.584880	0.597213
Woodie	0.358417	0.407367	0.492950	0.541900	0.627483	0.676433	0.762016
Fibonacci	0.401261	0.452653	0.484403	0.535794	0.587186	0.618936	0.670327

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):	80.84
MACD (12,26,9):	0.1127
Directional Movement:	42.842225
AROON (14):	92.857140
DEMA (21):	0.317023
Parabolic SAR (0,02-0,02-0,2):	0.177873
Elder Ray (13):	0.264038
Super Trend (3,10):	0.209028
Zig ZAG (10):	0.522127
VORTEX (21):	1.1864
Stochastique (14,3,5):	79.67
TEMA (21):	0.408237
Williams %R (14):	-30.90
Chande Momentum Oscillator (20):	0.472286
Repulse (5,40,3):	41.7622
ROCnROLL:	1
TRIX (15,9):	25.6857
Courbe Coppock:	2,816.17

MA7:	0.492004
MA20:	0.458423
MA50:	0.271963
MA100:	0.164517
MAexp7:	0.364731
MAexp20:	0.193983
MAexp50:	0.094748
MAexp100:	0.052201
Price / MA7:	+5.29%
Price / MA20:	+13.00%
Price / MA50:	+90.47%
Price / MA100:	+214.87%
Price / MAexp7:	+42.02%
Price / MAexp20:	+167.04%
Price / MAexp50:	+446.72%
Price / MAexp100:	+892.34%

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 :

15111

Number of analyses :

72851

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…