DOGECOIN - DOGE/USD - Weekly - Technical analysis published on 04/27/2024 (GMT)
- 98
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above
My targets
()
()
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DOGECOIN - DOGE/USD as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
7
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This analysis was given by reysilverado. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOGECOIN - DOGE/USD rating is 0.146786 USD. The price registered a decrease of -7.24% over 5 days and has been traded over the last 5 days between 0.142740 USD and 0.164408 USD. This implies that the 5 day price is +2.83% from its lowest point and -10.72% from its highest point.0.142740
0.164408
0.146786
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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/USD in Weekly shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Weekly
On the 18 technical indicators analysed, 9 are bullish, 5 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.054338 | 0.101962 | 0.142079 | 0.146786 | 0.172522 | 0.196483 | 0.300463 |
| Change (%) | -62.98% | -30.54% | -3.21% | - | +17.53% | +33.86% | +104.69% |
| Change | -0.092448 | -0.044824 | -0.004707 | - | +0.025736 | +0.049697 | +0.153677 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | 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 | 0.140299 | 0.143550 | 0.145757 | 0.149008 | 0.151215 | 0.154466 | 0.156673 |
| Camarilla | 0.146464 | 0.146964 | 0.147465 | 0.147965 | 0.148465 | 0.148966 | 0.149466 |
| Woodie | 0.139778 | 0.143289 | 0.145236 | 0.148747 | 0.150694 | 0.154205 | 0.156152 |
| Fibonacci | 0.143550 | 0.145635 | 0.146923 | 0.149008 | 0.151093 | 0.152381 | 0.154466 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.114638 | 0.126828 | 0.144742 | 0.156932 | 0.174846 | 0.187036 | 0.204950 |
| Camarilla | 0.154377 | 0.157137 | 0.159897 | 0.162656 | 0.165416 | 0.168175 | 0.170935 |
| Woodie | 0.117500 | 0.128259 | 0.147604 | 0.158363 | 0.177708 | 0.188467 | 0.207812 |
| Fibonacci | 0.126828 | 0.138328 | 0.145432 | 0.156932 | 0.168432 | 0.175536 | 0.187036 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.046426 | 0.084632 | 0.152330 | 0.190536 | 0.258234 | 0.296440 | 0.364138 |
| Camarilla | 0.190905 | 0.200613 | 0.210321 | 0.220029 | 0.229737 | 0.239445 | 0.249153 |
| Woodie | 0.061173 | 0.092005 | 0.167077 | 0.197909 | 0.272981 | 0.303813 | 0.378885 |
| Fibonacci | 0.084632 | 0.125087 | 0.150080 | 0.190536 | 0.230991 | 0.255984 | 0.296440 |
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): | 55.92 | |
| MACD (12,26,9): | 0.0253 | |
| Directional Movement: | 15.449734 | |
| AROON (14): | 71.428571 | |
| DEMA (21): | 0.165242 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.224835 | |
| Elder Ray (13): | 0.006047 | |
| Super Trend (3,10): | 0.101507 | |
| Zig ZAG (10): | 0.145899 | |
| VORTEX (21): | 1.0992 | |
| Stochastique (14,3,5): | 53.33 | |
| TEMA (21): | 0.180801 | |
| Williams %R (14): | -54.24 | |
| Chande Momentum Oscillator (20): | 0.067534 | |
| Repulse (5,40,3): | -10.5411 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 3.5352 | |
| Courbe Coppock: | 203.90 |
| MA7: | 0.153625 | |
| MA20: | 0.164378 | |
| MA50: | 0.171393 | |
| MA100: | 0.133558 | |
| MAexp7: | 0.161241 | |
| MAexp20: | 0.134237 | |
| MAexp50: | 0.107162 | |
| MAexp100: | 0.099672 | |
| Price / MA7: | -4.45% | |
| Price / MA20: | -10.70% | |
| Price / MA50: | -14.36% | |
| Price / MA100: | +9.90% | |
| Price / MAexp7: | -8.96% | |
| Price / MAexp20: | +9.35% | |
| Price / MAexp50: | +36.98% | |
| Price / MAexp100: | +47.27% |
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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