DOGEUSD(4Hr) : DOGE moving in consolidation
Market in the last 24hrs
DOGEUSD saw a consolidated movement in the last 24 hours with price moving between the middle and lower Bollinger band. The trading volume has been on the lower side of the spectrum and can be seen decreasing in the last 24 hours.
Today’s Trend analysis
The general trend of the price has been bullish for the last couple of days but the price mainly moved in a consolidated manner between the middle and lower Bollinger bands. The price is likely to continue to move in this manner until we see a sudden jump in the volume it any other fundamental factor affecting the price.
Price volatility was extremely low at approximately 0.6%, with the day's range between $0.23 — $0.238.
Price at the time of publishing: $0.253
DOGE’s market cap: $30.6 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, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Traded volume has been on the lower side of the spectrum and is constantly decreasing in the past 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 consolidated movement in the last 24 hours with price moving between the middle and lower Bollinger band. The trading volume has been on the lower side of the spectrum and can be seen decreasing in the last 24 hours.
Today’s Trend analysis
The general trend of the price has been bullish for the last couple of days but the price mainly moved in a consolidated manner between the middle and lower Bollinger bands. The price is likely to continue to move in this manner until we see a sudden jump in the volume it any other fundamental factor affecting the price.
Price volatility was extremely low at approximately 0.6%, with the day's range between $0.23 — $0.238.
Price at the time of publishing: $0.253
DOGE’s market cap: $30.6 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, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Traded volume has been on the lower side of the spectrum and is constantly decreasing in the past 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!
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