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 05/16/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 0.142079 USD

My targets

0.172522 USD (+11.06%)

0.202727 USD (+30.51%)

My analysis

A bullish trend on DOGECOIN - DOGE/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.142079 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.172522 USD. Then the price could move towards 0.202727 USD. Then 0.220099 USD by extension. Be careful, a return below 0.142079 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

5.5

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

Additional analysis

Quotes

The DOGECOIN - DOGE/USD price is 0.155337 USD. The price is lower by -0.02% since the last closing and was traded between 0.153504 USD and 0.159239 USD over the period. The price is currently at +1.19% from its lowest and -2.45% from its highest.

0.153504

0.159239

0.155337

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

Technical

A technical analysis in Daily of this DOGECOIN - DOGE/USD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.101962	0.129642	0.142079	0.155337	0.172522	0.202727	0.220099
Change (%)	-34.36%	-16.54%	-8.53%	-	+11.06%	+30.51%	+41.69%
Change	-0.053375	-0.025695	-0.013258	-	+0.017185	+0.047390	+0.064762
Level	Intermediate	Intermediate	Major	-	Major	Minor	Intermediate

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	0.135487	0.140187	0.147778	0.152478	0.160069	0.164769	0.172360
Camarilla	0.151988	0.153115	0.154241	0.155368	0.156495	0.157621	0.158748
Woodie	0.136932	0.140910	0.149223	0.153201	0.161514	0.165492	0.173805
Fibonacci	0.140187	0.144883	0.147783	0.152478	0.157174	0.160074	0.164769

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.106369	0.124165	0.133547	0.151343	0.160725	0.178521	0.187903
Camarilla	0.135455	0.137946	0.140438	0.142929	0.145420	0.147912	0.150403
Woodie	0.102162	0.122062	0.129340	0.149240	0.156518	0.176418	0.183696
Fibonacci	0.124165	0.134547	0.140961	0.151343	0.161725	0.168139	0.178521

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.011440	0.070300	0.101804	0.160664	0.192168	0.251028	0.282532
Camarilla	0.108458	0.116741	0.125025	0.133308	0.141591	0.149875	0.158158
Woodie	-0.002238	0.063461	0.088126	0.153825	0.178490	0.244189	0.268854
Fibonacci	0.070300	0.104819	0.126145	0.160664	0.195183	0.216509	0.251028

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):	52.65
MACD (12,26,9):	-0.0021
Directional Movement:	5.791742
AROON (14):	14.285714
DEMA (21):	0.146248
Parabolic SAR (0,02-0,02-0,2):	0.130681
Elder Ray (13):	0.007041
Super Trend (3,10):	0.165870
Zig ZAG (10):	0.156332
VORTEX (21):	1.0261
Stochastique (14,3,5):	61.34
TEMA (21):	0.147869
Williams %R (14):	-35.41
Chande Momentum Oscillator (20):	-0.004112
Repulse (5,40,3):	3.1122
ROCnROLL:	1
TRIX (15,9):	-0.4065
Courbe Coppock:	9.34

MA7:	0.147606
MA20:	0.146722
MA50:	0.164667
MA100:	0.146250
MAexp7:	0.150302
MAexp20:	0.150130
MAexp50:	0.153167
MAexp100:	0.143584
Price / MA7:	+5.24%
Price / MA20:	+5.87%
Price / MA50:	-5.67%
Price / MA100:	+6.21%
Price / MAexp7:	+3.35%
Price / MAexp20:	+3.47%
Price / MAexp50:	+1.42%
Price / MAexp100:	+8.19%

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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