DOGEUSD(4Hr) : DOGE digging deep in the ground
Market in the last 24hrs
The price saw a downward movement in the last 24 hours as it moved from the middle to the bottom Bollinger band. Trading volume has been low in the last 24 hours but had high volatility.
Today’s Trend analysis
DOGEUSD is expected to see some consolidation in the next 24 hours. The price is expected to oscillate between the bottom and the middle Bollinger bands.
Price volatility was very high at approximately 8.95%, with the day's range between $0.161 — $0.178.
Price at the time of publishing: $0.162
DOGE’s market cap: $21.15 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Trading volume has been low 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 downward movement in the last 24 hours as it moved from the middle to the bottom Bollinger band. Trading volume has been low in the last 24 hours but had high volatility.
Today’s Trend analysis
DOGEUSD is expected to see some consolidation in the next 24 hours. The price is expected to oscillate between the bottom and the middle Bollinger bands.
Price volatility was very high at approximately 8.95%, with the day's range between $0.161 — $0.178.
Price at the time of publishing: $0.162
DOGE’s market cap: $21.15 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Trading volume has been low 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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