DOGEUSD(4Hr) : DOGE to hover before flying to the moon
Market in the last 24hrs
DOGEUSD had a consolidated movement in the 24 hours. Volume has been significantly low in the last 24 hours when compared to the usual trading volume of DOGEUSD. This reduction in trading volume confirms the consolidated movement of the price.
Today’s Trend analysis
DOGEUSD is expected to follow the current trend and move in a consolidated manner till reaches the middle Bollinger line. Then if the price accepts the line as resistance then we can a bearish movement from there whereas if the price moves above the middle Bollinger band and accepts it as a support line then we can expect a bullish momentum.
Price volatility remained high at approximately 9.6%, with the day's range between $0.31 — $0.34.
Price at the time of publishing: $0.325
DOGE’s market cap: $42.3 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, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Traded volume has remained comparatively low 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 had a consolidated movement in the 24 hours. Volume has been significantly low in the last 24 hours when compared to the usual trading volume of DOGEUSD. This reduction in trading volume confirms the consolidated movement of the price.
Today’s Trend analysis
DOGEUSD is expected to follow the current trend and move in a consolidated manner till reaches the middle Bollinger line. Then if the price accepts the line as resistance then we can a bearish movement from there whereas if the price moves above the middle Bollinger band and accepts it as a support line then we can expect a bullish momentum.
Price volatility remained high at approximately 9.6%, with the day's range between $0.31 — $0.34.
Price at the time of publishing: $0.325
DOGE’s market cap: $42.3 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, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Traded volume has remained comparatively low 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.
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Any feedback and suggestions would help in further improving the analysis!
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