DOGECOIN - DOGE/USD - Weekly - Technical analysis published on 10/04/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 0.170665 USD
My targets
0.284595 USD (+17.20%)
0.340700 USD (+40.31%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.170665 USD remains possible. It is advisable to trade DOGECOIN - DOGE/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.170665 USD. The next bullish objective for buyers is set at 0.284595 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.340700 USD. If there is any crossing, the next objective would be the resistance located at 0.689046 USD. PS: if there is a bearish break in the support located at 0.170665 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.7
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This analysis was given by alphakarl. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOGECOIN - DOGE/USD price is 0.242826 USD. The price registered an increase of +23.59% over 5 days with the lowest point at 0.197573 USD and the highest point at 0.225046 USD. The deviation from the price is +22.90% for the low point and +7.90% for the high point.0.197573
0.225046
0.242826
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Weekly chart of DOGECOIN - DOGE/USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
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:
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.003286 | 0.078472 | 0.170665 | 0.242826 | 0.340700 | 0.689046 |
| Change (%) | -98.65% | -67.68% | -29.72% | - | +40.31% | +183.76% |
| Change | -0.239540 | -0.164354 | -0.072161 | - | +0.097874 | +0.446220 |
| Level | Minor | Intermediate | Major | - | 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 | 0.205491 | 0.210696 | 0.216091 | 0.221296 | 0.226691 | 0.231896 | 0.237291 |
| Camarilla | 0.218572 | 0.219544 | 0.220515 | 0.221487 | 0.222459 | 0.223430 | 0.224402 |
| Woodie | 0.205587 | 0.210744 | 0.216187 | 0.221344 | 0.226787 | 0.231944 | 0.237387 |
| Fibonacci | 0.210696 | 0.214745 | 0.217247 | 0.221296 | 0.225345 | 0.227847 | 0.231896 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.170239 | 0.182369 | 0.200785 | 0.212915 | 0.231331 | 0.243461 | 0.261877 |
| Camarilla | 0.210800 | 0.213600 | 0.216400 | 0.219200 | 0.222000 | 0.224800 | 0.227600 |
| Woodie | 0.173381 | 0.183941 | 0.203927 | 0.214487 | 0.234473 | 0.245033 | 0.265019 |
| Fibonacci | 0.182369 | 0.194038 | 0.201247 | 0.212915 | 0.224584 | 0.231793 | 0.243461 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033873 | 0.114186 | 0.159234 | 0.239547 | 0.284595 | 0.364908 | 0.409956 |
| Camarilla | 0.169807 | 0.181298 | 0.192790 | 0.204281 | 0.215772 | 0.227264 | 0.238755 |
| Woodie | 0.016240 | 0.105370 | 0.141601 | 0.230731 | 0.266962 | 0.356092 | 0.392323 |
| Fibonacci | 0.114186 | 0.162074 | 0.191659 | 0.239547 | 0.287435 | 0.317020 | 0.364908 |
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): | 51.01 | |
| MACD (12,26,9): | 0.0133 | |
| Directional Movement: | 7.785948 | |
| AROON (14): | 28.571428 | |
| DEMA (21): | 0.271712 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.386068 | |
| Elder Ray (13): | -0.019518 | |
| Super Trend (3,10): | 0.427749 | |
| Zig ZAG (10): | 0.240914 | |
| VORTEX (21): | 0.9226 | |
| Stochastique (14,3,5): | 32.87 | |
| TEMA (21): | 0.243657 | |
| Williams %R (14): | -57.84 | |
| Chande Momentum Oscillator (20): | 0.054790 | |
| Repulse (5,40,3): | 6.3518 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.8937 | |
| Courbe Coppock: | 12.46 |
| MA7: | 0.215296 | |
| MA20: | 0.219326 | |
| MA50: | 0.258870 | |
| MA100: | 0.240732 | |
| MAexp7: | 0.241811 | |
| MAexp20: | 0.244106 | |
| MAexp50: | 0.186432 | |
| MAexp100: | 0.122750 | |
| Price / MA7: | +12.79% | |
| Price / MA20: | +10.71% | |
| Price / MA50: | -6.20% | |
| Price / MA100: | +0.87% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | +30.25% | |
| Price / MAexp100: | +97.82% |
Quotes :
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Real time data
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