DOGECOIN - DOGE/USDT - 1H - Technical analysis published on 04/22/2021 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 0.295900 USDT
My targets
0.259807 USDT (-3.81%)
0.232100 USDT (-14.07%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DOGECOIN - DOGE/USDT as long as the price remains well below 0.295900 USDT. The sellers” bearish objective is set at 0.259807 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.232100 USDT. In case of crossing, the next objective would be the support located at 0.143822 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8
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This analysis was given by abuabbas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOGECOIN - DOGE/USDT price is 0.270100 USDT. The price registered a decrease of -11.62% on the session and was between 0.258200 USDT and 0.308700 USDT. This implies that the price is at +4.61% from its lowest and at -12.50% from its highest.0.258200
0.308700
0.270100
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of DOGECOIN - DOGE/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 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 : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 0.106200 | 0.143822 | 0.232100 | 0.270100 | 0.295900 | 0.347773 | 0.396200 |
| Change (%) | -60.68% | -46.75% | -14.07% | - | +9.55% | +28.76% | +46.69% |
| Change | -0.163900 | -0.126278 | -0.038000 | - | +0.025800 | +0.077673 | +0.126100 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | 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 | 0.234667 | 0.265333 | 0.285467 | 0.316133 | 0.336267 | 0.366933 | 0.387067 |
| Camarilla | 0.291630 | 0.296287 | 0.300943 | 0.305600 | 0.310257 | 0.314913 | 0.319570 |
| Woodie | 0.229400 | 0.262700 | 0.280200 | 0.313500 | 0.331000 | 0.364300 | 0.381800 |
| Fibonacci | 0.265333 | 0.284739 | 0.296728 | 0.316133 | 0.335539 | 0.347528 | 0.366933 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.285167 | -0.110873 | 0.085513 | 0.259807 | 0.456193 | 0.630487 | 0.826873 |
| Camarilla | 0.179963 | 0.213942 | 0.247921 | 0.281900 | 0.315879 | 0.349858 | 0.383837 |
| Woodie | -0.274120 | -0.105350 | 0.096560 | 0.265330 | 0.467240 | 0.636010 | 0.837920 |
| Fibonacci | -0.110873 | 0.030726 | 0.118207 | 0.259807 | 0.401406 | 0.488887 | 0.630487 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.031410 | 0.039610 | 0.046680 | 0.054880 | 0.061950 | 0.070150 | 0.077220 |
| Camarilla | 0.049551 | 0.050951 | 0.052350 | 0.053750 | 0.055150 | 0.056550 | 0.057949 |
| Woodie | 0.030845 | 0.039328 | 0.046115 | 0.054598 | 0.061385 | 0.069868 | 0.076655 |
| Fibonacci | 0.039610 | 0.045443 | 0.049047 | 0.054880 | 0.060713 | 0.064317 | 0.070150 |
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): | 31.79 | |
| MACD (12,26,9): | -0.0132 | |
| Directional Movement: | -15.980658 | |
| AROON (14): | -78.571428 | |
| DEMA (21): | 0.279387 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.315295 | |
| Elder Ray (13): | -0.014950 | |
| Super Trend (3,10): | 0.311191 | |
| Zig ZAG (10): | 0.272900 | |
| VORTEX (21): | 0.8948 | |
| Stochastique (14,3,5): | 10.54 | |
| TEMA (21): | 0.275030 | |
| Williams %R (14): | -99.70 | |
| Chande Momentum Oscillator (20): | -0.047700 | |
| Repulse (5,40,3): | -9.8486 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5137 | |
| Courbe Coppock: | 19.43 |
| MA7: | 0.323386 | |
| MA20: | 0.164929 | |
| MA50: | 0.099385 | |
| MA100: | 0.069667 | |
| MAexp7: | 0.279916 | |
| MAexp20: | 0.296660 | |
| MAexp50: | 0.316381 | |
| MAexp100: | 0.317090 | |
| Price / MA7: | -16.48% | |
| Price / MA20: | +63.77% | |
| Price / MA50: | +171.77% | |
| Price / MA100: | +287.70% | |
| Price / MAexp7: | -3.51% | |
| Price / MAexp20: | -8.95% | |
| Price / MAexp50: | -14.63% | |
| Price / MAexp100: | -14.82% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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