Market in the last 24hrs
ADAUSD saw a consolidated movement with a slight indication of bullish momentum. Trading volume has been high in the last 24 hours and can be seen decreasing with slight increase in price suggesting a bearish momentum in the future.
Today’s Trend analysis
The price is expected to continue the consolidated movement till the price reaches the upper Bollinger band after which the likely scenario is that the price accepts the upper band as a resistance line and move in a downward momentum.
Price volatility was low at approximately 1.4%, with the day's range between $1.14 — $1.21.
Price at the time of publishing: $1.2
ADA’s market cap: $38.34 Billion
However, the Indicator summary is giving a 'BUY' signal on DOGEUSD.
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, 4 are giving SELL signal, 1 is giving neutral and 10 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!
ADAUSD saw a consolidated movement with a slight indication of bullish momentum. Trading volume has been high in the last 24 hours and can be seen decreasing with slight increase in price suggesting a bearish momentum in the future.
Today’s Trend analysis
The price is expected to continue the consolidated movement till the price reaches the upper Bollinger band after which the likely scenario is that the price accepts the upper band as a resistance line and move in a downward momentum.
Price volatility was low at approximately 1.4%, with the day's range between $1.14 — $1.21.
Price at the time of publishing: $1.2
ADA’s market cap: $38.34 Billion
However, the Indicator summary is giving a 'BUY' signal on DOGEUSD.
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, 4 are giving SELL signal, 1 is giving neutral and 10 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.
----------------------------------------------------------------------------------------
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!
