DOGEUSD(4Hr) : DOGE moving in an upward triangle
Market in the last 24hrs
DOGEUSD saw an overall downtrend with price moving between the upper and middle Bollinger band. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
Price is expected to move in an uptrend as the price is looking like it is accepting the trend line and the middle Bollinger band as a support line. In the long term, the price is expected to move in the upward triangle.
Price volatility was high at approximately 7.1%, with the day's range between $0.195 — $0.228.
Price at the time of publishing: $0.203
DOGE’s market cap: $26.53 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
DOGEUSD saw an overall downtrend with price moving between the upper and middle Bollinger band. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
Price is expected to move in an uptrend as the price is looking like it is accepting the trend line and the middle Bollinger band as a support line. In the long term, the price is expected to move in the upward triangle.
Price volatility was high at approximately 7.1%, with the day's range between $0.195 — $0.228.
Price at the time of publishing: $0.203
DOGE’s market cap: $26.53 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
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