Dogecoin DOGE USD price live updates with interactive visuals to study emerging patterns and momentums. Chart references Dogecoin DOGE USD price live from Binance exchange.
About Dogecoin (DOGE):
The open-source digital currency was forked from Litecoin in Dec 2013. Dogecoin has a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined.
Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience since it was based on a dog meme. SpaceX CEO Elon Musk posted several tweets that Dogecoin is his favorite crypto coin.
Helpful technical indicators to study DOGE USD price movement:
Technical Analysis through the use of charts or volume helps to forecast future DOGE price trends, however, do remember always that analysis can’t make absolute predictions about the future. Therefore, trade with caution.
The following are some of the technical indicators which could be useful for anticipating the most likely DOGE USD price movement.
Moving average convergence divergence (MACD)
MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD “signal line” is then plotted in addition to the MACD line which together functions as a trigger for the Dogecoin token (DOGE) buy and sell.
Traders may buy the Dogecoin token – DOGE – when the MACD crosses above its signal line (orange line) and sell, or short, the DOGE token when the MACD (blue line) crosses below the signal line.
Another MACD strategy is to look at which side of zero the MACD lines are. Potential buy signals occur when the MACD moves above zero, and potential sell signals when it crosses below zero – Above zero for a sustained period of time, and the trend is likely up or Below zero for a sustained period of time, and the trend is likely down.
Relative Strength Index (RSI)
RSI is an indicator that evaluates overbought or oversold conditions in the price of an asset. The RSI is a line graph that moves between two extremes and has a reading from 0 to 100. Traditional usage of the RSI is that:
- Value of 70 or above indicates that an asset is becoming overbought and may be primed for a trend reversal or experience correction in the DOGE USD price chart.
- An RSI reading of 30 or below indicates an oversold or undervalued condition.
DOGE USD price Moving average (MA)
MA is the average of the closing USD price of an asset – DOGE over a given number of periods. The 200-day simple moving average is one of the most-watched activities in the price chart by mostly all experienced traders. There are two basic signals in relation to the moving average:
- If the price is above the X day SMA, this signals a bullish movement.
- If the price is below the X day SMA, this signals a bearish movement.
MA(50,200) Crossover
Another important signal is a crossover between the 50-day and the 200-day moving averages. Essentially, a bullish crossover happens when the 50-day MA value moves above the 200-day MA value. It is well-known as golden cross and signals that a new bullish trend for the DOGE USD price is starting.
A bearish crossover happens when the 50-day MA crosses below the 200-day MA. This is well-known as the death cross and signals that a bear market may be starting.
On balance volume (OBV)
OBV is another technical trading momentum indicator that uses volume flow to predict changes in the stock price. A rising price should be accompanied by a rising OBV; a falling price should be accompanied by a falling OBV.
- If OBV is rising and the price isn’t, then the price is likely to follow the OBV.
- In case the Dogecoin DOGE USD price is rising and OBV is flat-lining or falling, the price may be near the top.
- If the Dogecoin DOGE USD price is falling and OBV is flat-lining or rising, the price could be nearing a bottom.
Helpful Chart Patterns to observe in DOGE USD Price momentum
- Head and Shoulders
- Cup and Handle (bullish)
- Triangles (Symmetrical, Ascending and Descending)
- Double top and bottom [M (bearish) and W (bullish)]
- Triple Tops (bearish) & Bottoms (bullish)
