DOGECOIN - DOGE/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	DOGEUSD
ISIN:

DOGECOIN - DOGE/USD - Daily - Technical analysis published on 08/28/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 0.068023 USD

My targets

0.058187 USD (-8.35%)

0.052872 USD (-16.73%)

My analysis

DOGECOIN - DOGE/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.068023 USD. The next support located at 0.058187 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.052872 USD. Below this support, sellers could then target 0.015000 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

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.

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Additional analysis

Quotes

The DOGECOIN - DOGE/USD price is 0.063491 USD. The price registered a decrease of -0.01% on the session and was traded between 0.062958 USD and 0.064260 USD over the period. The price is currently at +0.85% from its lowest and -1.20% from its highest.

0.062958

0.064260

0.063491

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

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:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this DOGECOIN - DOGE/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 2

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Support of channel is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.015000	0.052872	0.063491	0.068023	0.087120	0.111365
Change (%)	-76.37%	-16.73%	-	+7.14%	+37.22%	+75.40%
Change	-0.048491	-0.010619	-	+0.004532	+0.023629	+0.047874
Level	Major	Minor	-	Major	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	0.060569	0.061425	0.062462	0.063318	0.064355	0.065211	0.066248
Camarilla	0.062979	0.063153	0.063327	0.063500	0.063674	0.063847	0.064021
Woodie	0.060661	0.061470	0.062554	0.063363	0.064447	0.065256	0.066340
Fibonacci	0.061425	0.062148	0.062595	0.063318	0.064041	0.064488	0.065211

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.050392	0.056336	0.059918	0.065862	0.069444	0.075388	0.078970
Camarilla	0.060880	0.061754	0.062627	0.063500	0.064373	0.065246	0.066120
Woodie	0.049211	0.055746	0.058737	0.065272	0.068263	0.074798	0.077789
Fibonacci	0.056336	0.059975	0.062223	0.065862	0.069501	0.071749	0.075388

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.038812	0.048214	0.058187	0.067589	0.077562	0.086964	0.096937
Camarilla	0.062832	0.064608	0.066384	0.068160	0.069936	0.071712	0.073488
Woodie	0.039098	0.048357	0.058473	0.067732	0.077848	0.087107	0.097223
Fibonacci	0.048214	0.055615	0.060188	0.067589	0.074990	0.079563	0.086964

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):	40.26
MACD (12,26,9):	-0.0014
Directional Movement:	0.077353
AROON (14):	-78.571429
DEMA (21):	0.067929
Parabolic SAR (0,02-0,02-0,2):	0.081768
Elder Ray (13):	-0.004524
Super Trend (3,10):	0.077581
Zig ZAG (10):	0.063310
VORTEX (21):	0.9616
Stochastique (14,3,5):	3.80
TEMA (21):	0.065893
Williams %R (14):	-95.67
Chande Momentum Oscillator (20):	-0.023298
Repulse (5,40,3):	-5.7361
ROCnROLL:	2
TRIX (15,9):	0.0407
Courbe Coppock:	23.24

MA7:	0.066344
MA20:	0.071377
MA50:	0.068487
MA100:	0.070225
MAexp7:	0.066123
MAexp20:	0.069056
MAexp50:	0.070197
MAexp100:	0.077648
Price / MA7:	-4.30%
Price / MA20:	-11.05%
Price / MA50:	-7.29%
Price / MA100:	-9.59%
Price / MAexp7:	-3.98%
Price / MAexp20:	-8.06%
Price / MAexp50:	-9.55%
Price / MAexp100:	-18.23%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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