DOGECOIN - DOGE/USDT - 1H - Technical analysis published on 05/07/2021 (GMT)
- 236
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.577278 USDT
My targets
0.538600 USDT (-2.78%)
0.508233 USDT (-8.26%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for DOGECOIN - DOGE/USDT as long as the price remains well below 0.577278 USDT. The next bearish objective for sellers is set at 0.538600 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.508233 USDT. In case of crossing, the next objective would be the support located at 0.447600 USDT. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.538600 USDT. With this support, against the trend traders who want to buy DOGECOIN - DOGE/USDT on a buy signal from their trading strategy should not hesitate to act.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2.1
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 gutranocular. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOGECOIN - DOGE/USDT rating is 0.554000 USDT. The price is lower by -4.58% since the last closing and was between 0.546000 USDT and 0.586200 USDT. This implies that the price is at +1.47% from its lowest and at -5.49% from its highest.0.546000
0.586200
0.554000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of DOGECOIN - DOGE/USDT indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied 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 over resistance 2
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.408900 | 0.447600 | 0.538600 | 0.554000 | 0.577278 | 0.609633 | 0.694800 |
| Change (%) | -26.19% | -19.21% | -2.78% | - | +4.20% | +10.04% | +25.42% |
| Change | -0.145100 | -0.106400 | -0.015400 | - | +0.023278 | +0.055633 | +0.140800 |
| Level | Major | Minor | 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 | 0.405600 | 0.473600 | 0.527100 | 0.595100 | 0.648600 | 0.716600 | 0.770100 |
| Camarilla | 0.547188 | 0.558325 | 0.569463 | 0.580600 | 0.591738 | 0.602875 | 0.614013 |
| Woodie | 0.398350 | 0.469975 | 0.519850 | 0.591475 | 0.641350 | 0.712975 | 0.762850 |
| Fibonacci | 0.473600 | 0.520013 | 0.548687 | 0.595100 | 0.641513 | 0.670187 | 0.716600 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.108967 | 0.167833 | 0.279167 | 0.338033 | 0.449367 | 0.508233 | 0.619567 |
| Camarilla | 0.343695 | 0.359297 | 0.374898 | 0.390500 | 0.406102 | 0.421703 | 0.437305 |
| Woodie | 0.135200 | 0.180950 | 0.305400 | 0.351150 | 0.475600 | 0.521350 | 0.645800 |
| Fibonacci | 0.167833 | 0.232850 | 0.273017 | 0.338033 | 0.403050 | 0.443217 | 0.508233 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.264817 | -0.105553 | 0.115573 | 0.274837 | 0.495963 | 0.655227 | 0.876353 |
| Camarilla | 0.232093 | 0.266962 | 0.301831 | 0.336700 | 0.371569 | 0.406438 | 0.441307 |
| Woodie | -0.233885 | -0.090088 | 0.146505 | 0.290303 | 0.526895 | 0.670693 | 0.907285 |
| Fibonacci | -0.105553 | 0.039756 | 0.129528 | 0.274837 | 0.420146 | 0.509918 | 0.655227 |
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): | 36.03 | |
| MACD (12,26,9): | -0.0132 | |
| Directional Movement: | -15.392788 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.572133 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.652965 | |
| Elder Ray (13): | -0.028524 | |
| Super Trend (3,10): | 0.618327 | |
| Zig ZAG (10): | 0.551500 | |
| VORTEX (21): | 0.8716 | |
| Stochastique (14,3,5): | 22.08 | |
| TEMA (21): | 0.556865 | |
| Williams %R (14): | -93.66 | |
| Chande Momentum Oscillator (20): | -0.061900 | |
| Repulse (5,40,3): | -6.5080 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2351 | |
| Courbe Coppock: | 10.41 |
| MA7: | 0.505200 | |
| MA20: | 0.370745 | |
| MA50: | 0.198303 | |
| MA100: | 0.126270 | |
| MAexp7: | 0.571681 | |
| MAexp20: | 0.591076 | |
| MAexp50: | 0.587436 | |
| MAexp100: | 0.542851 | |
| Price / MA7: | +9.66% | |
| Price / MA20: | +49.43% | |
| Price / MA50: | +179.37% | |
| Price / MA100: | +338.74% | |
| Price / MAexp7: | -3.09% | |
| Price / MAexp20: | -6.27% | |
| Price / MAexp50: | -5.69% | |
| Price / MAexp100: | +2.05% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis DOGECOIN - DOGE/USDT - 1H