DOGECOIN - DOGE/USD - 1H - Technical analysis published on 04/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 0.001837 USD
My targets
0.001913 USD (+2.79%)
0.001940 USD (+4.25%)
My analysis
DOGECOIN - DOGE/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.001837 USD. The next resistance located at 0.001913 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.001940 USD. After this resistance, buyers could then target 0.002216 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DOGECOIN - DOGE/USD rating 0.001861 USD. The price has increased by -0.16% since the last closing with the lowest point at 0.001793 USD and the highest point at 0.001924 USD. The deviation from the price is +3.79% for the low point and -3.27% for the high point.0.001793
0.001924
0.001861
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of DOGECOIN - DOGE/USD indicates that the overall trend is strongly bullish. 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 market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.001727 | 0.001787 | 0.001837 | 0.001861 | 0.001872 | 0.001913 | 0.001940 |
| Change (%) | -7.20% | -3.98% | -1.29% | - | +0.59% | +2.79% | +4.25% |
| Change | -0.000134 | -0.000074 | -0.000024 | - | +0.000011 | +0.000052 | +0.000079 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001608 | 0.001667 | 0.001766 | 0.001825 | 0.001924 | 0.001983 | 0.002082 |
| Camarilla | 0.001821 | 0.001835 | 0.001850 | 0.001864 | 0.001879 | 0.001893 | 0.001907 |
| Woodie | 0.001627 | 0.001677 | 0.001785 | 0.001835 | 0.001943 | 0.001993 | 0.002101 |
| Fibonacci | 0.001667 | 0.001728 | 0.001765 | 0.001825 | 0.001886 | 0.001923 | 0.001983 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001337 | 0.001494 | 0.001653 | 0.001810 | 0.001969 | 0.002126 | 0.002285 |
| Camarilla | 0.001726 | 0.001755 | 0.001784 | 0.001813 | 0.001842 | 0.001871 | 0.001900 |
| Woodie | 0.001339 | 0.001495 | 0.001655 | 0.001811 | 0.001971 | 0.002127 | 0.002287 |
| Fibonacci | 0.001494 | 0.001614 | 0.001689 | 0.001810 | 0.001930 | 0.002005 | 0.002126 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000217 | 0.000493 | 0.001146 | 0.001856 | 0.002509 | 0.003219 | 0.003872 |
| Camarilla | 0.001423 | 0.001548 | 0.001673 | 0.001798 | 0.001923 | 0.002048 | 0.002173 |
| Woodie | -0.000247 | 0.000479 | 0.001117 | 0.001842 | 0.002480 | 0.003205 | 0.003843 |
| Fibonacci | 0.000493 | 0.001014 | 0.001336 | 0.001856 | 0.002377 | 0.002699 | 0.003219 |
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): | 54.10 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.863587 | |
| AROON (14): | -35.714287 | |
| DEMA (21): | 0.001861 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001922 | |
| Elder Ray (13): | -0.000024 | |
| Super Trend (3,10): | 0.001714 | |
| Zig ZAG (10): | 0.001867 | |
| VORTEX (21): | 1.0466 | |
| Stochastique (14,3,5): | 36.75 | |
| TEMA (21): | 0.001877 | |
| Williams %R (14): | -41.22 | |
| Chande Momentum Oscillator (20): | 0.000025 | |
| Repulse (5,40,3): | 0.5904 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1447 | |
| Courbe Coppock: | 3.94 |
| MA7: | 0.001803 | |
| MA20: | 0.001761 | |
| MA50: | 0.002175 | |
| MA100: | 0.002260 | |
| MAexp7: | 0.001862 | |
| MAexp20: | 0.001848 | |
| MAexp50: | 0.001825 | |
| MAexp100: | 0.001811 | |
| Price / MA7: | +3.22% | |
| Price / MA20: | +5.68% | |
| Price / MA50: | -14.44% | |
| Price / MA100: | -17.65% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.70% | |
| Price / MAexp50: | +1.97% | |
| Price / MAexp100: | +2.76% |
This member declared not having a position on this financial instrument or a related financial instrument.
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