DOGECOIN - DOGE/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	DOGEUSDT
ISIN:

DOGECOIN - DOGE/USDT - Daily - Technical analysis published on 08/27/2021 (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

11%

39%

50%

My opinion

Bullish above 0.263500 USDT

My targets

0.314167 USDT (+10.27%)

0.339067 USDT (+19.01%)

My analysis

A bullish trend on DOGECOIN - DOGE/USDT both in substance and in the short term. A purchase could be considered as long as the price remains above 0.263500 USDT. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.314167 USDT. Then the price could move towards 0.339067 USDT. Then 0.423100 USDT by extension. Be careful, a return below 0.263500 USDT 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, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

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

Additional analysis

Quotes

The DOGECOIN - DOGE/USDT rating is 0.284900 USDT. The price registered an increase of +6.15% on the session and was traded between 0.265200 USDT and 0.286400 USDT over the period. The price is currently at +7.43% from its lowest and -0.52% from its highest.

0.265200

0.286400

0.284900

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

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 DOGECOIN - DOGE/USDT in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the 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 : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

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:

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.078740	0.170400	0.263500	0.284900	0.339067	0.423100	0.559700
Change (%)	-72.36%	-40.19%	-7.51%	-	+19.01%	+48.51%	+96.45%
Change	-0.206160	-0.114500	-0.021400	-	+0.054167	+0.138200	+0.274800
Level	Minor	Major	Intermediate	-	Intermediate	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.225000	0.244800	0.256600	0.276400	0.288200	0.308000	0.319800
Camarilla	0.259710	0.262607	0.265503	0.268400	0.271297	0.274193	0.277090
Woodie	0.221000	0.242800	0.252600	0.274400	0.284200	0.306000	0.315800
Fibonacci	0.244800	0.256871	0.264329	0.276400	0.288471	0.295929	0.308000

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.211467	0.246433	0.281567	0.316533	0.351667	0.386633	0.421767
Camarilla	0.297423	0.303848	0.310274	0.316700	0.323126	0.329552	0.335978
Woodie	0.211550	0.246475	0.281650	0.316575	0.351750	0.386675	0.421850
Fibonacci	0.246433	0.273212	0.289755	0.316533	0.343312	0.359855	0.386633

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.093067	0.126133	0.166767	0.199833	0.240467	0.273533	0.314167
Camarilla	0.187133	0.193888	0.200644	0.207400	0.214156	0.220912	0.227668
Woodie	0.096850	0.128025	0.170550	0.201725	0.244250	0.275425	0.317950
Fibonacci	0.126133	0.154287	0.171680	0.199833	0.227987	0.245380	0.273533

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.58
MACD (12,26,9):	0.0145
Directional Movement:	1.581059
AROON (14):	21.428572
DEMA (21):	0.305831
Parabolic SAR (0,02-0,02-0,2):	0.335240
Elder Ray (13):	-0.017685
Super Trend (3,10):	0.242667
Zig ZAG (10):	0.274700
VORTEX (21):	1.1012
Stochastique (14,3,5):	20.09
TEMA (21):	0.308293
Williams %R (14):	-88.03
Chande Momentum Oscillator (20):	-0.065200
Repulse (5,40,3):	-7.8970
ROCnROLL:	-1
TRIX (15,9):	1.3464
Courbe Coppock:	18.55

MA7:	0.296443
MA20:	0.292205
MA50:	0.236844
MA100:	0.268172
MAexp7:	0.290113
MAexp20:	0.283715
MAexp50:	0.263891
MAexp100:	0.256162
Price / MA7:	-3.89%
Price / MA20:	-2.50%
Price / MA50:	+20.29%
Price / MA100:	+6.24%
Price / MAexp7:	-1.80%
Price / MAexp20:	+0.42%
Price / MAexp50:	+7.96%
Price / MAexp100:	+11.22%

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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