The 4-hour chart for DOGE/USD provides a more detailed look at the short-term price action and key technical levels. Here’s the analysis:
Technical Indicators:
1. MACD (Moving Average Convergence Divergence):
• DIF: -0.00163
• DEA: -0.00166
• MACD: 0.00003
• The MACD histogram is close to the zero line, indicating a lack of strong momentum either way.
2. RSI (Relative Strength Index):
• RSI(6): 47.59804
• RSI(12): 45.01655
• RSI(24): 46.65156
• RSI values are below 50, suggesting slightly bearish momentum but close to neutral.
3. KDJ Indicator:
• K: 55.50147
• D: 47.78464
• J: 70.93514
• The J line is above the K and D lines, indicating potential bullish momentum.
4. Wm %R (Williams %R):
• Wm %R(14): -50.42333
• This indicates a neutral position, neither overbought nor oversold.
Key Levels:
• Resistance Levels:
• Immediate resistance: EMA(7) at $0.16143
• Further resistance: EMA(25) at $0.16156 and EMA(99) at $0.16168
• Support Levels:
• Immediate support: $0.15116 (a recent low visible on the chart)
• Further support: $0.14997 (slightly below the immediate support level, representing a lower price level on the chart)
Analysis:
• The price is currently below all three EMAs, indicating a bearish trend in the short term.
• The MACD histogram near the zero line suggests a lack of strong momentum.
• The RSI values just below 50 indicate slight bearish pressure but are close to neutral.
• The KDJ indicator suggests some bullish momentum with the J line above the K and D lines.
Conclusion:
• Resistance: The immediate resistance level is at the EMA(7) of $0.16143. If the price breaks above this, it may face further resistance at EMA(25) and EMA(99) around $0.16156 to $0.16168.
• Support: The immediate support level is at $0.15116. If the price falls below this, it could find further support at around $0.14997.