DOGECOIN - DOGE/USD - 1H - Technical analysis published on 04/14/2024 (GMT)
- 147
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 0.159135 USD
My targets
0.148451 USD (-2.88%)
0.142079 USD (-7.05%)
My analysis
The bearish trend is currently very strong for DOGECOIN - DOGE/USD. As long as the price remains below the resistance at 0.159135 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.148451 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.142079 USD as an objective. Crossing it would then enable sellers to target 0.128788 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.8
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOGECOIN - DOGE/USD price is 0.152859 USD. On the day, this instrument lost -0.03% with the lowest point at 0.144041 USD and the highest point at 0.160162 USD. The deviation from the price is +6.12% for the low point and -4.56% for the high point.0.144041
0.160162
0.152859
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
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, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.101962 | 0.128788 | 0.142079 | 0.152859 | 0.159135 | 0.167499 | 0.172522 |
Change (%) | -33.30% | -15.75% | -7.05% | - | +4.11% | +9.58% | +12.86% |
Change | -0.050897 | -0.024071 | -0.010780 | - | +0.006276 | +0.014640 | +0.019663 |
Level | Intermediate | Minor | Intermediate | - | Minor | 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 | 0.084225 | 0.107170 | 0.130041 | 0.152986 | 0.175857 | 0.198802 | 0.221673 |
Camarilla | 0.140312 | 0.144511 | 0.148711 | 0.152911 | 0.157111 | 0.161311 | 0.165510 |
Woodie | 0.084187 | 0.107152 | 0.130003 | 0.152968 | 0.175819 | 0.198784 | 0.221635 |
Fibonacci | 0.107170 | 0.124672 | 0.135485 | 0.152986 | 0.170488 | 0.181301 | 0.198802 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.040006 | 0.085061 | 0.118986 | 0.164041 | 0.197966 | 0.243021 | 0.276946 |
Camarilla | 0.131192 | 0.138431 | 0.145671 | 0.152911 | 0.160151 | 0.167391 | 0.174631 |
Woodie | 0.034441 | 0.082279 | 0.113421 | 0.161259 | 0.192401 | 0.240239 | 0.271381 |
Fibonacci | 0.085061 | 0.115231 | 0.133871 | 0.164041 | 0.194211 | 0.212851 | 0.243021 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 45.11 | |
MACD (12,26,9): | -0.0032 | |
Directional Movement: | -10.656490 | |
AROON (14): | 78.571429 | |
DEMA (21): | 0.152067 | |
Parabolic SAR (0,02-0,02-0,2): | 0.137609 | |
Elder Ray (13): | 0.000014 | |
Super Trend (3,10): | 0.163906 | |
Zig ZAG (10): | 0.156255 | |
VORTEX (21): | 0.9142 | |
Stochastique (14,3,5): | 83.11 | |
TEMA (21): | 0.154275 | |
Williams %R (14): | -23.00 | |
Chande Momentum Oscillator (20): | 0.002499 | |
Repulse (5,40,3): | -1.3255 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.4352 | |
Courbe Coppock: | 4.94 |
MA7: | 0.181008 | |
MA20: | 0.189907 | |
MA50: | 0.166179 | |
MA100: | 0.123857 | |
MAexp7: | 0.155628 | |
MAexp20: | 0.157307 | |
MAexp50: | 0.166371 | |
MAexp100: | 0.175497 | |
Price / MA7: | -15.55% | |
Price / MA20: | -19.51% | |
Price / MA50: | -8.02% | |
Price / MA100: | +23.42% | |
Price / MAexp7: | -1.78% | |
Price / MAexp20: | -2.83% | |
Price / MAexp50: | -8.12% | |
Price / MAexp100: | -12.90% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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/USD - 1H