DOGEUSD(4Hr) : DOGE is falling
Market in the last 24hrs
DOGEUSD saw consolidated movement with a slight indication of bearish momentum in the last 24 hours. Trading volume has been very low in the last 24 hours.
Today’s Trend analysis
Price has reached the lower Bollinger band which usually acts as a strong support line. The likely situation is that it accepts the bottom band as a support line and we might see some consolidation with bullish indication.
Price volatility was high at approximately 4.51%, with the day's range between $0.21 — $0.219.
Price at the time of publishing: $0.207
DOGE’s market cap: $27.07 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 11 are giving SELL signal, 1 is giving neutral and 3 are giving a BUY signal.
Trading volume has been low 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.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
DOGEUSD saw consolidated movement with a slight indication of bearish momentum in the last 24 hours. Trading volume has been very low in the last 24 hours.
Today’s Trend analysis
Price has reached the lower Bollinger band which usually acts as a strong support line. The likely situation is that it accepts the bottom band as a support line and we might see some consolidation with bullish indication.
Price volatility was high at approximately 4.51%, with the day's range between $0.21 — $0.219.
Price at the time of publishing: $0.207
DOGE’s market cap: $27.07 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 11 are giving SELL signal, 1 is giving neutral and 3 are giving a BUY signal.
Trading volume has been low 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.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.