DOGEUSD(4Hr) : DOGE starts another descent
Market in the last 24hrs
The price saw a bearish momentum in the last 24 hours as the price moved from the middle Bollinger band to below the lower Bollinger band. Trading volume has been high and saw a sudden rise with a decrease in the price suggesting a strong bearish momentum.
Today’s Trend analysis
The price is likely to continue to move in a bearish manner. As the price accepts the bottom Bollinger band as a support line then a consolidated bearish momentum is expected.
Price volatility was low at approximately 4.56%, with the day's range between $0.196 — $0.208.
Price at the time of publishing: $0.199
DOGE’s market cap: $25.96 Billion
However, the Indicator summary is giving a 'SELL' 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, 13 are giving SELL signal, 1 is giving neutral and 1 is 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!
The price saw a bearish momentum in the last 24 hours as the price moved from the middle Bollinger band to below the lower Bollinger band. Trading volume has been high and saw a sudden rise with a decrease in the price suggesting a strong bearish momentum.
Today’s Trend analysis
The price is likely to continue to move in a bearish manner. As the price accepts the bottom Bollinger band as a support line then a consolidated bearish momentum is expected.
Price volatility was low at approximately 4.56%, with the day's range between $0.196 — $0.208.
Price at the time of publishing: $0.199
DOGE’s market cap: $25.96 Billion
However, the Indicator summary is giving a 'SELL' 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, 13 are giving SELL signal, 1 is giving neutral and 1 is 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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