DOGECOIN - DOGE/USD - 1H - Technical analysis published on 05/18/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
6%
56%
My opinion
Bearish under 0.500823 USD
My targets
0.463777 USD (-4.87%)
0.407632 USD (-16.39%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DOGECOIN - DOGE/USD. As long as you are under the resistance located at 0.500823 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.463777 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.407632 USD as an objective. Crossing it would then enable sellers to target 0.368008 USD. If the resistance 0.500823 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOGECOIN - DOGE/USD rating is 0.487519 USD. The price registered an increase of +2.20% on the session and was between 0.472557 USD and 0.513452 USD. This implies that the price is at +3.17% from its lowest and at -5.05% from its highest.0.472557
0.513452
0.487519
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:
Technical
A technical analysis in 1H of this DOGECOIN - DOGE/USD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.368008 | 0.407632 | 0.463777 | 0.487519 | 0.500823 | 0.540214 | 0.569126 |
| Change (%) | -24.51% | -16.39% | -4.87% | - | +2.73% | +10.81% | +16.74% |
| Change | -0.119511 | -0.079887 | -0.023742 | - | +0.013304 | +0.052695 | +0.081607 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 0.403727 | 0.432881 | 0.454964 | 0.484118 | 0.506201 | 0.535355 | 0.557438 |
| Camarilla | 0.462956 | 0.467653 | 0.472349 | 0.477046 | 0.481743 | 0.486440 | 0.491136 |
| Woodie | 0.400191 | 0.431113 | 0.451428 | 0.482350 | 0.502665 | 0.533587 | 0.553902 |
| Fibonacci | 0.432881 | 0.452454 | 0.464546 | 0.484118 | 0.503691 | 0.515783 | 0.535355 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.024520 | 0.160887 | 0.329720 | 0.515127 | 0.683960 | 0.869367 | 1.038200 |
| Camarilla | 0.401136 | 0.433608 | 0.466080 | 0.498552 | 0.531024 | 0.563496 | 0.595968 |
| Woodie | -0.032808 | 0.156744 | 0.321432 | 0.510984 | 0.675672 | 0.865224 | 1.029912 |
| Fibonacci | 0.160887 | 0.296207 | 0.379808 | 0.515127 | 0.650447 | 0.734048 | 0.869367 |
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): | 49.20 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | 2.461418 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.479829 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.511661 | |
| Elder Ray (13): | 0.003970 | |
| Super Trend (3,10): | 0.523726 | |
| Zig ZAG (10): | 0.484029 | |
| VORTEX (21): | 1.0219 | |
| Stochastique (14,3,5): | 61.74 | |
| TEMA (21): | 0.483371 | |
| Williams %R (14): | -57.60 | |
| Chande Momentum Oscillator (20): | 0.007866 | |
| Repulse (5,40,3): | -0.6242 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1121 | |
| Courbe Coppock: | 3.57 |
| MA7: | 0.487368 | |
| MA20: | 0.487423 | |
| MA50: | 0.297696 | |
| MA100: | 0.177156 | |
| MAexp7: | 0.488893 | |
| MAexp20: | 0.485579 | |
| MAexp50: | 0.491603 | |
| MAexp100: | 0.496733 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +63.76% | |
| Price / MA100: | +175.19% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | -0.83% | |
| Price / MAexp100: | -1.85% |
Quotes :
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Real time data
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