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 12/05/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

56%

My opinion

Bullish above 0.430669 USD

My targets

0.443913 USD (+1.36%)

0.463681 USD (+5.87%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.430669 USD remains possible. It is advisable to trade DOGECOIN - DOGE/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.430669 USD. The next bullish objective for buyers is set at 0.443913 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.463681 USD. If there is any crossing, the next objective would be the resistance located at 0.689046 USD. PS: if there is a bearish break in the support located at 0.430669 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

3.6

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 Mask1290. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DOGECOIN - DOGE/USD rating 0.437972 USD. On the day, this instrument gained +1.06% and was between 0.408035 USD and 0.465563 USD. This implies that the price is at +7.34% from its lowest and at -5.93% from its highest.

0.408035

0.465563

0.437972

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DOGECOIN - DOGE/USD:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of DOGECOIN - DOGE/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.417670	0.430669	0.437502	0.437972	0.443913	0.463681	0.689046
Change (%)	-4.64%	-1.67%	-0.11%	-	+1.36%	+5.87%	+57.33%
Change	-0.020302	-0.007303	-0.000470	-	+0.005941	+0.025709	+0.251074
Level	Minor	Major	Major	-	Minor	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.372007	0.386044	0.409703	0.423740	0.447399	0.461436	0.485095
Camarilla	0.422997	0.426452	0.429908	0.433363	0.436819	0.440274	0.443729
Woodie	0.376819	0.388450	0.414515	0.426146	0.452211	0.463842	0.489907
Fibonacci	0.386044	0.400444	0.409340	0.423740	0.438140	0.447036	0.461436

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.283813	0.324601	0.373240	0.414028	0.462667	0.503455	0.552094
Camarilla	0.397287	0.405484	0.413682	0.421879	0.430077	0.438274	0.446471
Woodie	0.287739	0.326564	0.377166	0.415991	0.466593	0.505418	0.556020
Fibonacci	0.324601	0.358762	0.379867	0.414028	0.448189	0.469294	0.503455

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.122651	0.009680	0.215780	0.348111	0.554211	0.686542	0.892642
Camarilla	0.328811	0.359833	0.390856	0.421879	0.452902	0.483925	0.514948
Woodie	-0.085768	0.028122	0.252664	0.366553	0.591095	0.704984	0.929526
Fibonacci	0.009680	0.138961	0.218831	0.348111	0.477392	0.557262	0.686542

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):	53.10
MACD (12,26,9):	0.0066
Directional Movement:	5.832296
AROON (14):	21.428571
DEMA (21):	0.446900
Parabolic SAR (0,02-0,02-0,2):	0.464964
Elder Ray (13):	-0.001907
Super Trend (3,10):	0.416086
Zig ZAG (10):	0.437715
VORTEX (21):	1.0808
Stochastique (14,3,5):	50.71
TEMA (21):	0.449420
Williams %R (14):	-70.72
Chande Momentum Oscillator (20):	-0.024267
Repulse (5,40,3):	-1.7586
ROCnROLL:	-1
TRIX (15,9):	0.2533
Courbe Coppock:	7.03

MA7:	0.427269
MA20:	0.405468
MA50:	0.281425
MA100:	0.194106
MAexp7:	0.443126
MAexp20:	0.438280
MAexp50:	0.429133
MAexp100:	0.424509
Price / MA7:	+2.50%
Price / MA20:	+8.02%
Price / MA50:	+55.63%
Price / MA100:	+125.64%
Price / MAexp7:	-1.16%
Price / MAexp20:	-0.07%
Price / MAexp50:	+2.06%
Price / MAexp100:	+3.17%

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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