DOGEUSD(4Hr) : DOGE moving along a strong support
Market in the last 24hrs
Price is moving along the rising middle Bollinger band and the trend line in a consolidated movement. Trading volume has been high and has been similar throughout the day.
Today’s Trend analysis
The price is expected to continue to move in a similar direction following the trend line as it is acting as a good support line. If the price rejects the trend line as support then we may see a major downtrend.
Price volatility was low at approximately 1.89%, with the day's range between $0.202 — $0.214.
Price at the time of publishing: $0.207
DOGE’s market cap: $26.99 Billion
However, the Indicator summary is giving a 'NEUTRAL' 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, 6 are giving SELL signal, 1 is giving neutral and 8 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!
Price is moving along the rising middle Bollinger band and the trend line in a consolidated movement. Trading volume has been high and has been similar throughout the day.
Today’s Trend analysis
The price is expected to continue to move in a similar direction following the trend line as it is acting as a good support line. If the price rejects the trend line as support then we may see a major downtrend.
Price volatility was low at approximately 1.89%, with the day's range between $0.202 — $0.214.
Price at the time of publishing: $0.207
DOGE’s market cap: $26.99 Billion
However, the Indicator summary is giving a 'NEUTRAL' 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, 6 are giving SELL signal, 1 is giving neutral and 8 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.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
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