DOGEUSD(4 HR) : DOGE to see some consolidation
Market in the last 24hrs
DOGE moved in a sideways direction between the middle and lower Bollinger band. Price volatility remained low. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
Price is most likely to continue to have a consolidated movement between the middle and lower Bollinger band unless we see a major jump in the volume.
Price volatility remained low at approximately 3.2%, with the day's range between $0.31 — $0.32.
Price at the time of publishing: $0.31
DOGE’s market cap: $40 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, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Traded volume has 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!
DOGE moved in a sideways direction between the middle and lower Bollinger band. Price volatility remained low. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
Price is most likely to continue to have a consolidated movement between the middle and lower Bollinger band unless we see a major jump in the volume.
Price volatility remained low at approximately 3.2%, with the day's range between $0.31 — $0.32.
Price at the time of publishing: $0.31
DOGE’s market cap: $40 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, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Traded volume has 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.
----------------------------------------------------------------------------------------
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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