DOGECOIN - DOGE/USD - 1H - Technical analysis published on 03/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.172151 USD
My targets
0.183718 USD (+0.55%)
0.196483 USD (+7.54%)
My analysis
The bullish trend is currently very strong on DOGECOIN - DOGE/USD. As long as the price remains above the support at 0.172151 USD, you could try to benefit from the boom. The first bullish objective is located at 0.183718 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.196483 USD as an objective. Crossing it would then enable buyers to target 0.300463 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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This analysis was given by Ralhosni. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOGECOIN - DOGE/USD rating is 0.182707 USD. On the day, this instrument gained +0.22% and was between 0.181087 USD and 0.184165 USD. This implies that the price is at +0.89% from its lowest and at -0.79% from its highest.0.181087
0.184165
0.182707
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of DOGECOIN - DOGE/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.142079 | 0.172151 | 0.182081 | 0.182707 | 0.196483 | 0.300463 | 0.340700 |
| Change (%) | -22.24% | -5.78% | -0.34% | - | +7.54% | +64.45% | +86.47% |
| Change | -0.040628 | -0.010556 | -0.000626 | - | +0.013776 | +0.117756 | +0.157993 |
| Level | Major | Major | Major | - | Minor | Intermediate | Intermediate |
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 | 0.163020 | 0.168735 | 0.175524 | 0.181239 | 0.188028 | 0.193743 | 0.200532 |
| Camarilla | 0.178875 | 0.180022 | 0.181168 | 0.182314 | 0.183460 | 0.184606 | 0.185753 |
| Woodie | 0.163558 | 0.169004 | 0.176062 | 0.181508 | 0.188566 | 0.194012 | 0.201070 |
| Fibonacci | 0.168735 | 0.173511 | 0.176462 | 0.181239 | 0.186015 | 0.188966 | 0.193743 |
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 | 0.028383 | 0.053235 | 0.085324 | 0.110176 | 0.142265 | 0.167117 | 0.199206 |
| Camarilla | 0.101754 | 0.106974 | 0.112193 | 0.117413 | 0.122633 | 0.127852 | 0.133072 |
| Woodie | 0.032002 | 0.055044 | 0.088943 | 0.111985 | 0.145884 | 0.168926 | 0.202825 |
| Fibonacci | 0.053235 | 0.074987 | 0.088425 | 0.110176 | 0.131928 | 0.145366 | 0.167117 |
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): | 54.90 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 4.535014 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.181101 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.184666 | |
| Elder Ray (13): | 0.001412 | |
| Super Trend (3,10): | 0.174861 | |
| Zig ZAG (10): | 0.183163 | |
| VORTEX (21): | 1.0541 | |
| Stochastique (14,3,5): | 60.93 | |
| TEMA (21): | 0.180676 | |
| Williams %R (14): | -37.05 | |
| Chande Momentum Oscillator (20): | -0.002925 | |
| Repulse (5,40,3): | 0.7862 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0531 | |
| Courbe Coppock: | 2.35 |
| MA7: | 0.169497 | |
| MA20: | 0.164081 | |
| MA50: | 0.127671 | |
| MA100: | 0.105824 | |
| MAexp7: | 0.180818 | |
| MAexp20: | 0.180077 | |
| MAexp50: | 0.177736 | |
| MAexp100: | 0.172589 | |
| Price / MA7: | +7.79% | |
| Price / MA20: | +11.35% | |
| Price / MA50: | +43.11% | |
| Price / MA100: | +72.65% | |
| Price / MAexp7: | +1.04% | |
| Price / MAexp20: | +1.46% | |
| Price / MAexp50: | +2.80% | |
| Price / MAexp100: | +5.86% |
Quotes :
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Real time data
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