DOGECOIN - DOGE/USD - 1H - Technical analysis published on 09/14/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.235813 USD
My targets
0.248309 USD (+3.09%)
0.268482 USD (+11.47%)
My analysis
The strong short-term increase of DOGECOIN - DOGE/USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.235813 USD, a purchase could be considered. The first bullish objective is located at 0.248309 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.268482 USD. If there is any crossing, the next objective would be the resistance at 0.300737 USD. Caution, if there is a return under 0.235813 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.1
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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 0.240863 USD. On the day, this instrument gained +2.14% with the lowest point at 0.234207 USD and the highest point at 0.241286 USD. The deviation from the price is +2.84% for the low point and -0.18% for the high point.0.234207
0.241286
0.240863
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DOGECOIN - DOGE/USD in 1H shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Piercing line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.078472 | 0.170665 | 0.235813 | 0.240863 | 0.248309 | 0.268482 | 0.300737 |
| Change (%) | -67.42% | -29.14% | -2.10% | - | +3.09% | +11.47% | +24.86% |
| Change | -0.162391 | -0.070198 | -0.005050 | - | +0.007446 | +0.027619 | +0.059874 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | 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 | 0.201523 | 0.214935 | 0.225377 | 0.238789 | 0.249231 | 0.262643 | 0.273085 |
| Camarilla | 0.229259 | 0.231446 | 0.233632 | 0.235819 | 0.238006 | 0.240192 | 0.242379 |
| Woodie | 0.200038 | 0.214193 | 0.223892 | 0.238047 | 0.247746 | 0.261901 | 0.271600 |
| Fibonacci | 0.214935 | 0.224047 | 0.229677 | 0.238789 | 0.247901 | 0.253531 | 0.262643 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.117938 | 0.174101 | 0.207534 | 0.263697 | 0.297130 | 0.353293 | 0.386726 |
| Camarilla | 0.216327 | 0.224540 | 0.232753 | 0.240966 | 0.249179 | 0.257392 | 0.265605 |
| Woodie | 0.106572 | 0.168419 | 0.196168 | 0.258015 | 0.285764 | 0.347611 | 0.375360 |
| Fibonacci | 0.174101 | 0.208327 | 0.229472 | 0.263697 | 0.297923 | 0.319068 | 0.353293 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.038900 | 0.116110 | 0.197273 | 0.274483 | 0.355646 | 0.432856 | 0.514019 |
| Camarilla | 0.234882 | 0.249400 | 0.263918 | 0.278435 | 0.292953 | 0.307470 | 0.321988 |
| Woodie | 0.040876 | 0.117098 | 0.199249 | 0.275471 | 0.357622 | 0.433844 | 0.515995 |
| Fibonacci | 0.116110 | 0.176609 | 0.213985 | 0.274483 | 0.334982 | 0.372358 | 0.432856 |
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): | 58.52 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 7.166285 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.237623 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.229010 | |
| Elder Ray (13): | 0.002143 | |
| Super Trend (3,10): | 0.244481 | |
| Zig ZAG (10): | 0.240706 | |
| VORTEX (21): | 1.0765 | |
| Stochastique (14,3,5): | 73.61 | |
| TEMA (21): | 0.238416 | |
| Williams %R (14): | -1.72 | |
| Chande Momentum Oscillator (20): | 0.003802 | |
| Repulse (5,40,3): | 0.7118 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0175 | |
| Courbe Coppock: | 1.69 |
| MA7: | 0.245229 | |
| MA20: | 0.272976 | |
| MA50: | 0.265370 | |
| MA100: | 0.254072 | |
| MAexp7: | 0.238118 | |
| MAexp20: | 0.237572 | |
| MAexp50: | 0.238734 | |
| MAexp100: | 0.242859 | |
| Price / MA7: | -1.78% | |
| Price / MA20: | -11.76% | |
| Price / MA50: | -9.24% | |
| Price / MA100: | -5.20% | |
| Price / MAexp7: | +1.15% | |
| Price / MAexp20: | +1.39% | |
| Price / MAexp50: | +0.89% | |
| Price / MAexp100: | -0.82% |
Quotes :
-
Real time data
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