DOGEUSD(4Hr) : DOGE saw some upward momentum
Market in the last 24hrs
DOGEUSD saw a rise with price moving above the midline and reaching the upper Bollinger band. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
As the Bollinger band is converging, the price volatility is expected to be low. Thus the price is expected to oscillate between the upper and lower Bollinger band while moving sideways with a slight indication of bullish momentum.
Price volatility was high at approximately 6.31%, with the day's range between $0.272 — $0.3.
Price at the time of publishing: $0.29
DOGE’s market cap: $37.99 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are 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 very 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 a rise with price moving above the midline and reaching the upper Bollinger band. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
As the Bollinger band is converging, the price volatility is expected to be low. Thus the price is expected to oscillate between the upper and lower Bollinger band while moving sideways with a slight indication of bullish momentum.
Price volatility was high at approximately 6.31%, with the day's range between $0.272 — $0.3.
Price at the time of publishing: $0.29
DOGE’s market cap: $37.99 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are 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 very 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.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
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