DOGEUSD(4Hr) : DOGE still far from moon
Market in the last 24hrs
The price can be seen oscillating between the middle and the lower Bollinger band. The recent tick has a high above the middle Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
Since the high of the recent tick is above the middle Bollinger band it can be an indication that the price has rejected the middle Bollinger brand as a resistance line. Thus the price is expected to move in a bullish momentum till it reaches the upper band after which it is expected to move sideways and oscillate between the upper and the middle band.
Price volatility was low at approximately 1.66%, with the day's range between $0.221 — $0.232.
Price at the time of publishing: $0.229
DOGE’s market cap: $30.2 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 8 are giving SELL signal, 1 is giving neutral and 6 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!
The price can be seen oscillating between the middle and the lower Bollinger band. The recent tick has a high above the middle Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
Since the high of the recent tick is above the middle Bollinger band it can be an indication that the price has rejected the middle Bollinger brand as a resistance line. Thus the price is expected to move in a bullish momentum till it reaches the upper band after which it is expected to move sideways and oscillate between the upper and the middle band.
Price volatility was low at approximately 1.66%, with the day's range between $0.221 — $0.232.
Price at the time of publishing: $0.229
DOGE’s market cap: $30.2 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 8 are giving SELL signal, 1 is giving neutral and 6 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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