DOGEUSD(4Hr) : DOGE can't decide on its momentum
Market in the last 24hrs
The price saw a major downward trend from the upper to the lower Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
If the price accepts the lower Bollinger band as a support line then the price is expected to see a reversal in its momentum and oscillate between the lower and the middle Bollinger band. If not then the price is expected to continue to move in bearish momentum.
Price volatility was low at approximately 2.65%, with the day's range between $0.242 — $0.262.
Price at the time of publishing: $0.246
DOGE’s market cap: $32.36 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 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 saw a major downward trend from the upper to the lower Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
If the price accepts the lower Bollinger band as a support line then the price is expected to see a reversal in its momentum and oscillate between the lower and the middle Bollinger band. If not then the price is expected to continue to move in bearish momentum.
Price volatility was low at approximately 2.65%, with the day's range between $0.242 — $0.262.
Price at the time of publishing: $0.246
DOGE’s market cap: $32.36 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 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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