DOGECOIN - DOGE/USDT

- USDT (-)

- Real time data - CoinMarketCap

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	DOGEUSDT
ISIN:

DOGECOIN - DOGE/USDT - Weekly - Technical analysis published on 10/31/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

33%

28%

39%

My opinion

Bearish under 0.091347 USDT

My targets

0.057589 USDT (-15.64%)

My analysis

Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.091347 USDT remains possible. It is advisable to trade DOGECOIN - DOGE/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.091347 USDT. The next bearish objective for sellers is set at 0.057589 USDT. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.091347 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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

Force

2.3

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

Additional analysis

Quotes

DOGECOIN - DOGE/USDT rating 0.068268 USDT. The price registered a decrease of -0.08% over 5 days with the lowest point at 0.065727 USDT and the highest point at 0.072430 USDT. The deviation from the price is +3.87% for the low point and -5.75% for the high point.

0.065727

0.072430

0.068268

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Abnormal volumes on DOGECOIN - DOGE/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this Weekly chart of DOGECOIN - DOGE/USDT indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Weekly

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Weekly

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Weekly

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

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.057589	0.068268	0.171550	0.340200	0.686900
Change (%)	-15.64%	-	+151.29%	+398.33%	+906.18%
Change	-0.010679	-	+0.103282	+0.271932	+0.618632
Level	Intermediate	-	Minor	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.065503	0.066640	0.068113	0.069250	0.070723	0.071860	0.073333
Camarilla	0.068869	0.069109	0.069348	0.069587	0.069826	0.070066	0.070305
Woodie	0.065672	0.066724	0.068282	0.069334	0.070892	0.071944	0.073502
Fibonacci	0.066640	0.067637	0.068253	0.069250	0.070247	0.070863	0.071860

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.045663	0.052777	0.060891	0.068005	0.076119	0.083233	0.091347
Camarilla	0.064816	0.066212	0.067608	0.069004	0.070400	0.071796	0.073192
Woodie	0.046162	0.053027	0.061390	0.068255	0.076618	0.083483	0.091846
Fibonacci	0.052777	0.058594	0.062188	0.068005	0.073822	0.077416	0.083233

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.055686	0.057515	0.059793	0.061622	0.063900	0.065729	0.068007
Camarilla	0.060943	0.061319	0.061696	0.062072	0.062449	0.062825	0.063201
Woodie	0.055912	0.057627	0.060019	0.061734	0.064126	0.065841	0.068233
Fibonacci	0.057515	0.059084	0.060053	0.061622	0.063191	0.064160	0.065729

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):	50.09
MACD (12,26,9):	-0.0028
Directional Movement:	6.643905
AROON (14):	-21.428571
DEMA (21):	0.062319
Parabolic SAR (0,02-0,02-0,2):	0.087348
Elder Ray (13):	0.003063
Super Trend (3,10):	0.079763
Zig ZAG (10):	0.067925
VORTEX (21):	1.0668
Stochastique (14,3,5):	37.23
TEMA (21):	0.062981
Williams %R (14):	-51.72
Chande Momentum Oscillator (20):	-0.006848
Repulse (5,40,3):	6.0293
ROCnROLL:	-1
TRIX (15,9):	-0.7086
Courbe Coppock:	17.78

MA7:	0.069158
MA20:	0.063638
MA50:	0.062246
MA100:	0.065730
MAexp7:	0.064790
MAexp20:	0.066392
MAexp50:	0.074631
MAexp100:	0.086793
Price / MA7:	-1.29%
Price / MA20:	+7.28%
Price / MA50:	+9.67%
Price / MA100:	+3.86%
Price / MAexp7:	+5.37%
Price / MAexp20:	+2.83%
Price / MAexp50:	-8.53%
Price / MAexp100:	-21.34%

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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