DOGECOIN - DOGE/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	DOGEUSD
ISIN:

DOGECOIN - DOGE/USD - 1H - Technical analysis published on 03/24/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

17%

44%

39%

My opinion

Bullish above 0.165136 USD

My targets

0.172151 USD (+0.62%)

0.182081 USD (+6.43%)

My analysis

The basic bullish trend is very strong on DOGECOIN - DOGE/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.165136 USD. Crossing the first resistance at 0.172151 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.182081 USD as an objective. Crossing it would then enable buyers to target 0.196483 USD. Caution, a return to below 0.165136 USD would be a sign of a consolidation phase in the short-term basic trend. 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.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

3.4

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

Additional analysis

Quotes

The DOGECOIN - DOGE/USD price is 0.171088 USD. The price has increased by +5.64% since the last closing with the lowest point at 0.161234 USD and the highest point at 0.177121 USD. The deviation from the price is +6.11% for the low point and -3.41% for the high point.

0.161234

0.177121

0.171088

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of DOGECOIN - DOGE/USD in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

In fact, only 8 technical indicators out of 18 studied are currently bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.151393	0.158615	0.165136	0.171088	0.172151	0.182081	0.196483
Change (%)	-11.51%	-7.29%	-3.48%	-	+0.62%	+6.43%	+14.84%
Change	-0.019695	-0.012473	-0.005952	-	+0.001063	+0.010993	+0.025395
Level	Minor	Intermediate	Intermediate	-	Intermediate	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	0.127384	0.139528	0.150745	0.162889	0.174106	0.186250	0.197467
Camarilla	0.155537	0.157678	0.159820	0.161961	0.164102	0.166244	0.168385
Woodie	0.126920	0.139296	0.150281	0.162657	0.173642	0.186018	0.197003
Fibonacci	0.139528	0.148452	0.153965	0.162889	0.171813	0.177326	0.186250

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.079324	0.101080	0.131521	0.153277	0.183718	0.205474	0.235915
Camarilla	0.147607	0.152392	0.157176	0.161961	0.166746	0.171531	0.176315
Woodie	0.083666	0.103251	0.135863	0.155448	0.188060	0.207645	0.240257
Fibonacci	0.101080	0.121020	0.133338	0.153277	0.173217	0.185535	0.205474

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.027123	0.052227	0.084820	0.109924	0.142517	0.167621	0.200214
Camarilla	0.101546	0.106835	0.112124	0.117413	0.122702	0.127991	0.133280
Woodie	0.030868	0.054099	0.088565	0.111796	0.146262	0.169493	0.203959
Fibonacci	0.052227	0.074267	0.087884	0.109924	0.131964	0.145581	0.167621

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.69
MACD (12,26,9):	0.0018
Directional Movement:	6.952613
AROON (14):	85.714286
DEMA (21):	0.173699
Parabolic SAR (0,02-0,02-0,2):	0.177121
Elder Ray (13):	-0.001421
Super Trend (3,10):	0.164060
Zig ZAG (10):	0.170691
VORTEX (21):	1.0659
Stochastique (14,3,5):	36.19
TEMA (21):	0.173080
Williams %R (14):	-75.77
Chande Momentum Oscillator (20):	-0.001605
Repulse (5,40,3):	-0.6027
ROCnROLL:	-1
TRIX (15,9):	0.2034
Courbe Coppock:	4.04

MA7:	0.152192
MA20:	0.160268
MA50:	0.121460
MA100:	0.103188
MAexp7:	0.172036
MAexp20:	0.170948
MAexp50:	0.166282
MAexp100:	0.160594
Price / MA7:	+12.42%
Price / MA20:	+6.75%
Price / MA50:	+40.86%
Price / MA100:	+65.80%
Price / MAexp7:	-0.55%
Price / MAexp20:	+0.08%
Price / MAexp50:	+2.89%
Price / MAexp100:	+6.53%

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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