ETHUSD(4Hr) : ETH bouncing between 2 major trend lines with low Market in the last 24hrs
ETHUSD saw a consolidated movement with a slight indication of bearish momentum in the last 24 hours. The price has been moving in between the middle and bottom Bollinger bands. Trading volume has been moderate and the volume can be seen increasing with a decrease in price suggesting a bearish momentum of the price getting stronger.
Today’s Trend analysis
Price touched the bottom Bollinger band which usually acts as a strong support line. The price is likely to continue to oscillate between the bottom and the middle Bollinger band until it rejects either the middle band as a resistance line or the bottom band as a support line.
Price volatility was low at approximately 1.75%, with the day's range between $1854— $1960.
Price at the time of publishing: $1865
ETH's market cap: $219.22 Billion
However, the Indicator summary is giving a 'SELL' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving a SELL signal, 1 is neutral and 0 are giving a BUY signal.
Trading volume has been moderate and the volume can be seen increasing with a decrease in price suggesting a bearish momentum of the price getting stronger.
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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.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
Technicalindicators
XRP(4Hr) : XRP looking to continue a bearish momentumMarket in the last 24hrs
XRPUSD can be seen oscillating between the bottom and bottom Bollinger band in the last 24 hours. Trading volume has been low in the last 24 hours. The volume can be seen decreasing with an increase in price suggesting a bearish momentum soon.
Today’s Trend analysis
XRP is expected to continue to oscillate inside the triangle until it exits on either side. The likely scenario is that the price will exit below the triangle and continue its bearish momentum. There is a chance that the price exits above the triangle and starts moving in a consolidated manner with a slight indication of bullish momentum.
Price volatility was extremely low at approximately 1.3%, with the day's range between $0.589 — $0.617.
Price at the time of publishing: $0.606
XRP’s market cap: $28.49 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 3 are giving a SELL signal, 8 are neutral and 0 are 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 low in the last 24 hours. The volume can be seen decreasing with an increase in price suggesting a bearish momentum soon. 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!
MATICUSD(4Hr): MATIC sees a new low after 2 monthsMarket in the last 24hrs
MATICUSD saw a continuous downward trend with prices moving from middle to bottom Bollinger band. Trading volume has been high in the last 24 hours. We can see the volume increasing with a decrease in price suggesting the setting of the bearish trend.
Today’s Trend analysis
MATICUSD is expected to continue the current bearish trend for the next 24 hours. We can expect to see some consolidation once the price accepts the bottom Bollinger band as a support line.
Price volatility was high at approximately 9.01%, with the day's range between $0.858 — $0.959.
Price at the time of publishing: $0.862
MATIC’s market cap: $5.49 Billion
However, the Indicator summary is giving a 'SELL' signal on MATICUSD.
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, 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!
DOGEUSD(4Hr) : DOGE doesn't know where to goMarket in the last 24hrs
DOGEUSD saw a consolidated momentum with price accepting the middle Bollinger band as a resistance line. Trading volume has been low in the last 24 hours.
Today’s Trend analysis
Price is expected to continue its consolidated momentum and oscillate between the middle and bottom Bollinger band. We can expect this to continue till either the price rejects the bottom Bollinger band as a support line or the middle Bollinger as a resistance line.
Price volatility was moderate at approximately 3.5%, with the day's range between $0.189 — $0.205.
Price at the time of publishing: $0.19
DOGE’s market cap: $24.83 Billion
However, the Indicator summary is giving a 'STRONG 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, 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!
Total Market Cap At The Crossroads This chart speaks very loud and clear. We are nearing the end of the road before we see very decisive action. No more floating and dragging out the inevitable.
If Crypto is going to rise again it has until the end of the month at most.
All signs point downward and at this point, you should absolutely prepare for the worst. The next move is going to be a strong and rapid one. It will leave many portfolios into a wasteland if its breaks down from here. Denial will no longer be an option and the path will be crystal clear.
The fact there are still so many bullish outlooks even after looking at so many Bearish Trends tells us there is still hope in the market. It has not reached a point of reversal because the sentiment hasn't completely changed.
You have to remember, Cryptocurrencies are a speculative market. Yes, some of them have real on-book value and BTC has an attractive record but at the end of the day, it's all speculation. A hope that one day they will be completely implemented into our day-to-day lives. This day has not come and the vast majority have never once used Bitcoin or any cryptocurrency in a transaction a single time.
Crypto is only as valuable as we make it. There will come a point speculation meets reality and this is when Crypto will truly shine if it is deemed so. Until then, nothing is certain and many will not flock to Crypto as a safe heaven in this environment. Realistically there are many other alternatives and we could be seeing this taking effect now.
It has now been 80+ days since BTC has made a new high; It has never in the history of Bitcoin corrected for this long in a Bull Run and made new all-time highs in the same year. (There is a first for everything)
The S2F model has been one of the main pillars of hope for the bulls but at this point, it is growing more and more away from the movements. It has held very strong value for the past 12 years and just as BTC has never had a Bull Run cut so short in 12 years, we could potentially see the same for the S2F.
There are clear deviations from the predicted paths and something is stirring up the markets. If the Bull Run is cut short, there was an underlining reason for this to occur in such a strong fashion.
UST's movements have been very strange over the last few weeks and the beloved Meme stocks have been taking a big hit.
More Alt Coins being created every week/month than you can count. Everyone who came in from the outside this year for Cryptocurrencies is still waiting for this moon shot. Influencers pushing pumps and dumping every chance they get. Crypto trading has become a trend. Greed Greed Greed. The strongest factor in corrections. Until the greedy are liquidated, this market can't truly recover. The question is... Who is more greedy? The Bulls or the Bears?
The coming days/weeks will be the ultimate decider of the path forward.
Good Luck Everyone! Happy Trading!
XRP(4Hr) : XRP moving with low volatilityMarket in the last 24hrs
XRPUSD saw some consolidation as the price accepted the bottom Bollinger band as a support line and can be seen moving towards the middle Bollinger band. Trading volume has been moderate in the last 24 hours.
Today’s Trend analysis
As the price reaches the middle Bollinger band, if it accepts the middle Bollinger band as a support line then we can expect the price to see some consolidation with a slight indication of bearish momentum else it will continue to move in an upward direction.
Price volatility was extremely low at approximately 0.2%, with the day's range between $0.587— $0.628.
Price at the time of publishing: $0.623
XRP’s market cap: $28.76 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
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, 11 are giving SELL signal, 1 is giving neutral and 3 are giving a BUY signal.
Trading volume has been moderate 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!
ADAUSD(4Hr): Cardano to see some bullish momentumMarket in the last 24hrs
ADAUSD saw downward movement and can be seen constantly rejecting the bottom Bollinger band as a support line. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The latest price movement suggests that ADAUSD has accepted the bottom Bollinger band as a support line, so we can expect the price to see bullish momentum till it reaches the middle Bollinger band. If the price accepts the middle band as a support line then we can expect to see some consolidation else the on rejection we can expect the price to reach the upper Bollinger band
Price volatility was moderate at approximately 3.47%, with the day's range between $1.2 — $1.32.
Price at the time of publishing: $1.25
ADA’s market cap: $40.08 Billion
However, the Indicator summary is giving a 'SELL' 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, 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!
DOGEUSD(4Hr) : DOGE rejecting a strong support lineMarket in the last 24hrs
DOGEUSD saw a major downtrend in the last 24 hours as it kept rejecting the bottom Bollinger band as a support line. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
Price is expected to continue the current bearish movement until it accepts the bottom Bollinger band as a support line then we can expect the price to see some consolidation with a slight bullish indication.
Price volatility was moderate at approximately 3.27%, with the day's range between $0.199 — $0.212.
Price at the time of publishing: $0.2
DOGE’s market cap: $26.1 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 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!
XRP(4Hr) : XRP setting a sideways momentumMarket in the last 24hrs
As the difference between the upper and lower Bollinger band was very low due to this the price consolidated movement as it constantly moved between the 2 bands in the last 24 hours. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
As the price just touched the lower Bollinger band we can expect the price to see some upward momentum till it reaches the upper Bollinger band in the next 24 hours. After that, we can expect to see some consolidation if the price accepts the upper band as a support line.
Price volatility was low at approximately 0.7%, with the day's range between $0.616— $0.640.
Price at the time of publishing: $0.624
XRP’s market cap: $28.84 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
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, 14 are giving SELL signal, 1 is giving neutral and 0 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!
Bitcoin BTC Range Likely To Be TestedLet me give you all the reasons I'm Bearish on Bitcoin where we stand.
~It has now been roughly 90 days since BTC has made a new high; It has never in the history of Bitcoin corrected for this long in a Bull Run and made new all-time highs in the same year.
~Clear deviation from the standard Bull run cycle indicating something is pulling strings on the broader scale markets.
~Inflation concerns bouncing around from not worried to worried on a large scale, which tells me it's all just a stay calm and trust the process approach. We have seen how this turns out in the past.
~Short squeeze after short squeeze from the Meme stocks on the stock market, rallying a huge new inflow of first-time investors. This spilled heavy onto the crypto market and crypto steadily became a social media trend. All the buying came at the top.
~So when Moon???
~We are seeing multiple Death Crosses on multiple time frames
~This decrease in volatility is being passed around as a good thing but from my perspective, it is more likely it is a bad one. We have been in a range now for upwards of 55 days which has brought us to this moment. Every time BTC has had a parabolic move to the upside there was a flash crash downwards that created a spring effect. We have not seen this at all which tells me quite clearly price is favoring down rather than up at the moment.
~Why would BTC break a 6 month Down Trend during low volatility times?
~The Bulls have constantly hit their SL repeatedly, and Bears have been having a field day
~Today (07/12) BTC was at the crossroads seemingly ready to break the downtrend and someone strategically sold 356 BTC on open (12 Million) and then proceeded to take every Bulls Stop Loss the rest of the morning. That is by plan.
~More Alt's being created than ever before and growing exponentially. The market is completely flooded.
~DOGE caught a lot of people's eye this year with Elon's playing puppet show but have since been drug through hell. To top it off there are now 18,000 new crypto projects with the name $DOGE in it. Does that seem like a healthy market?
~Supply shock is another narrative being passed around and fundamentally it has value, but it doesn't just occur on a dime. There is no reason to believe it hits the market at 30k+ rather than 20k or potentially lower.
~Volume is so low it's practically not there in the grand scheme of things. No real buyers that create movements in the market have stepped in and I don't see them doing so at this level. We have seen small spikes but this is from hope still surviving in the market.
~Take a look at the RSI for example. Many look at it as a sign of Bullish Divergence but from my perspective that is the symbol of hope in the market. It's visual proof the bulls simply don't want to drown. The price movements started volatile but have slowly lost strength along the way. Just as if you were drowning. I suspect if that RSI breaks down, that hope will diminish rapidly until there is another glimmer of hope they can grasp onto after the next leg down.
Interested in your perspectives,
DOGEUSD(4Hr) : DOGE is fallingMarket in the last 24hrs
DOGEUSD saw consolidated movement with a slight indication of bearish momentum in the last 24 hours. Trading volume has been very low in the last 24 hours.
Today’s Trend analysis
Price has reached the lower Bollinger band which usually acts as a strong support line. The likely situation is that it accepts the bottom band as a support line and we might see some consolidation with bullish indication.
Price volatility was high at approximately 4.51%, with the day's range between $0.21 — $0.219.
Price at the time of publishing: $0.207
DOGE’s market cap: $27.07 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, 11 are giving SELL signal, 1 is giving neutral and 3 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!
XRP(4Hr) : XRP saw a jump in priceMarket in the last 24hrs
XRPUSD saw a major bullish trend in the last 24 hours with the price moving above the upper Bollinger band. Trading volume has been high in the last 24 hours and can be seen increasing with an increase in prices suggesting a bullish trend in the future.
Today’s Trend analysis
XRPUSD expected to see a slight decline in price as the latest candle suggests that the price has expected the upper Bollinger band as a support line. The price can be expected to reach the middle band and then follow a consolidated movement from there.
Price volatility was high at approximately 3.48%, with the day's range between $0.624— $0.657.
Price at the time of publishing: $0.648
XRP’s market cap: $29.9 Billion
However, the Indicator summary is giving a 'BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 8 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 3 are giving SELL signal, 1 is giving neutral and 11 is giving a BUY signal.
Trading volume has been high in the last 24 hours and can be seen increasing with an increase in prices suggesting a bullish trend in the future. 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!
Bitcoin 3 Week Chart Of DeathIf you were a long-term investor or "Whale" looking to find a nice entry point, would this be it? Would this chart absolutely convince you this is the right time to invest? Is it pump time to new All-Time Highs? Are we even near the bottom?
There have only been 3 times the RSI has broken underneath 20 on the RSI and each time it has signaled a Bear Market.
The MACD has also crossed to the downside which every time previously has followed it with a significant drop thereafter.
The volume is incredibly low.
Listen, im not here to scream BEAR MARKET at everyone because I know a vast majority disconnect as soon as they read it. Im not here to say there won't be a pump. In reality, nobody knows. I am simply pointing out the interesting developments on the 3 Week Time Frame. You can choose to see it however you want to see it, that is up to you! Good luck everyone for the weeks ahead, BE SMART!
Bitcoin BTC Bullish or Bearish?As we can see BTC has formed a pretty clear downtrend channel. I have previously pointed out potential Bear flags, so I will point out the potential Bull Flag. Depending on how you look at it, this could potentially be a Bull Flag forming.
In normal conditions, Bull and Bear flags have about a 60% completion rate. In this scenario, we are looking at a number of bearish patterns which will probably affect its success rate further. It is fighting huge selling pressure.
That being said, if this breaks to the upside, BTC could see a strong move. Volume would have to spontaneously spring to support this. It is not impossible but it is hypothetical and it's important to understand that.
DOGEUSD(4Hr) : DOGE looking to fallMarket in the last 24hrs
DOGEUSD saw a consolidated bearish movement as the price can be seen moving along below the middle Bollinger band and constantly accepting it as a resistance line. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
DOGEUSD is expected to continue this bearish trend till it reaches the Bottom Bollinger band. If the price accepts the bottom band as a support line then we can expect some consolidation from the price else if the price rejects it as a support line then the bearish trend will continue.
Price volatility was low at approximately 2.77%, with the day's range between $0.211 — $0.228.
Price at the time of publishing: $0.213
DOGE’s market cap: $27.7 Billion
However, the Indicator summary is giving a 'SELL' 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, 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!
XRPUSD(4Hr) : XRP moving with low volatilityMarket in the last 24hrs
XRPUSD saw a consolidated momentum with price accepting the middle Bollinger band as a resistance line. The trading volume had been low and can be seen decreasing in the last 24 hours.
Today’s Trend analysis
XRP is expected to see a consolidated movement with a bearish indication. This movement is expected to be continued till the price reaches the Bottom Bollinger band. If the price accepts the bottom band as a support line then the price is expected to move in a bullish manner else the continuation of the bearish momentum is expected.
Price volatility was moderate at approximately 0.92%, with the day's range between $0.606— $0.648.
Price at the time of publishing: $0.627
XRP’s market cap: $28.9 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
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.
The trading volume had been low and can be seen decreasing 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!
DOGEUSD(4Hr) : DOGE moving with the BullsMarket in the last 24hrs
DOGEUSD saw an overall bullish trend. We saw the price accepting the lower Bollinger band as a support line which resulted in the said bullish momentum. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price has reached the middle Bollinger band which usually acts as a good resistance line. The likely scenario is that the price accepts the middle band as a resistance line and the price will move back to its bearish momentum. If the price doesn't do that then we can expect it to move till it reaches the upper Bollinger band.
Price volatility was high at approximately 3.08%, with the day's range between $0.197 — $0.229.
Price at the time of publishing: $0.221
DOGE’s market cap: $28.83 Billion
However, the Indicator summary is giving a 'SELL' 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, 11 are giving SELL signal, 1 is giving neutral and 3 are 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!
XRPUSD(4Hr) : XRP to favor bullsMarket in the last 24hrs
XRPUSD saw a bearish trend in the last 24 hours and can be seen moving in upward momentum. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The current upward movement of XRPUSD suggests that the price has accepted the lower Bollinger band as a support line, so we can expect the price to reach the middle Bollinger band and then have a consolidated movement after that.
Price volatility was moderate at approximately 6.42%, with the day's range between $0.613— $0.67.
Price at the time of publishing: $0.627
XRP’s market cap: $28.7 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
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.
Traded volume remained high 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(4Hr) : DOGE favoring bearish momentumMarket in the last 24hrs
In the past 24 hours, DOGEUSD has been moving in a bearish momentum and has been constantly rejecting the lower Bollinger band. Trading volume has been high in the last 24 hours. The increased volume can be seen decreasing lately with a decrease in price which could indicate a possible trend reversal soon.
Today’s Trend analysis
DOGEUSD is expected to continue this bearish momentum until the price accepts the lower Bollinger band as a support line. Then we can expect some consolidated movement with a slight indication of a bullish trend.
Price volatility was high at approximately 9.57%, with the day's range between $0.208 — $0.232.
Price at the time of publishing: $0.21
DOGE’s market cap: $27.4 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 6 are neutral and 3 are 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. The increased volume can be seen decreasing lately with a decrease in price which could indicate a possible trend reversal soon. 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!
Bitcoin BTC Perspective is such a strange thing. You can live your entire life seeing things and believing in things in a certain way and in one day all of that can change. We are constantly modifying, adapting, and growing which is what makes our potential so complex and special.
What we see with our eyes may not be what's really in front of us. Our eyes fool us on a daily basis and most of all, our minds. Life is a psychological burden that must be constantly fought and persevered against.
Keep your mind clear, strong, and open to all things. Live your life full of mindfulness and live a much more understanding, happy, and peaceful one.
May happiness touch every one of you!