DOGECOIN - DOGE/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	DOGEUSD
ISIN:

DOGECOIN - DOGE/USD - 1H - Technical analysis published on 04/02/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 0.186862 USD

My targets

0.172151 USD (-5.25%)

0.164502 USD (-9.46%)

My analysis

DOGECOIN - DOGE/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.186862 USD. The next support located at 0.172151 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.164502 USD. Below this support, sellers could then target 0.142079 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

7.7

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

Additional analysis

Quotes

The DOGECOIN - DOGE/USD rating is 0.181682 USD. The price is lower by -11.43% since the last closing and was between 0.179857 USD and 0.205606 USD. This implies that the price is at +1.01% from its lowest and at -11.64% from its highest.

0.179857

0.205606

0.181682

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

A technical analysis in 1H of this DOGECOIN - DOGE/USD chart shows a sharp bearish trend. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.128788	0.142079	0.172151	0.181682	0.182081	0.186862	0.196483
Change (%)	-29.11%	-21.80%	-5.25%	-	+0.22%	+2.85%	+8.15%
Change	-0.052894	-0.039603	-0.009531	-	+0.000399	+0.005180	+0.014801
Level	Minor	Intermediate	Major	-	Major	Minor	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	0.171696	0.184349	0.194740	0.207393	0.217784	0.230437	0.240828
Camarilla	0.198794	0.200906	0.203019	0.205131	0.207243	0.209356	0.211468
Woodie	0.170565	0.183784	0.193609	0.206828	0.216653	0.229872	0.239697
Fibonacci	0.184349	0.193152	0.198590	0.207393	0.216196	0.221634	0.230437

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.097618	0.129737	0.164502	0.196621	0.231386	0.263505	0.298270
Camarilla	0.180873	0.187004	0.193135	0.199266	0.205397	0.211528	0.217659
Woodie	0.098940	0.130399	0.165824	0.197283	0.232708	0.264167	0.299592
Fibonacci	0.129737	0.155287	0.171072	0.196621	0.222171	0.237956	0.263505

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.036728	0.076873	0.148451	0.188596	0.260174	0.300319	0.371897
Camarilla	0.189305	0.199547	0.209788	0.220029	0.230270	0.240512	0.250753
Woodie	0.052445	0.084731	0.164168	0.196454	0.275891	0.308177	0.387614
Fibonacci	0.076873	0.119551	0.145918	0.188596	0.231274	0.257641	0.300319

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):	28.53
MACD (12,26,9):	-0.0060
Directional Movement:	-27.689142
AROON (14):	-78.571429
DEMA (21):	0.185894
Parabolic SAR (0,02-0,02-0,2):	0.194576
Elder Ray (13):	-0.006290
Super Trend (3,10):	0.197646
Zig ZAG (10):	0.183059
VORTEX (21):	0.8422
Stochastique (14,3,5):	14.25
TEMA (21):	0.182161
Williams %R (14):	-93.16
Chande Momentum Oscillator (20):	-0.023105
Repulse (5,40,3):	-1.6743
ROCnROLL:	2
TRIX (15,9):	-0.3535
Courbe Coppock:	18.23

MA7:	0.204345
MA20:	0.174901
MA50:	0.142939
MA100:	0.112766
MAexp7:	0.186149
MAexp20:	0.193549
MAexp50:	0.200500
MAexp100:	0.202382
Price / MA7:	-11.09%
Price / MA20:	+3.88%
Price / MA50:	+27.10%
Price / MA100:	+61.11%
Price / MAexp7:	-2.40%
Price / MAexp20:	-6.13%
Price / MAexp50:	-9.39%
Price / MAexp100:	-10.23%

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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