DOGEUSD(4 HR) : DOGE continuing its consolidated momentum.
Market in the last 24hrs
DOGEUSD saw a consolidated movement between the lower and the middle Bollinger band. The less gap between the bands indicates low volatility. The trading volume has been on the lower side of the spectrum in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move one a consolidated momentum until it touches either the middle or lower Billinger band. If the price touches the middle band and the price rejects it as a resistance line then we some bullish momentum till the price reaches the upper band. If the price reaches and then rejects the lower Bollinger band as a support line then we see some dominant bearish trend.
Price volatility was extremely low at approximately 2.42%, with the day's range between $0.239 — $0.249.
Price at the time of publishing: $0.242
DOGE’s market cap: $31.5 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, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Traded volume has been on the lower side of the spectrum 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 saw a consolidated movement between the lower and the middle Bollinger band. The less gap between the bands indicates low volatility. The trading volume has been on the lower side of the spectrum in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move one a consolidated momentum until it touches either the middle or lower Billinger band. If the price touches the middle band and the price rejects it as a resistance line then we some bullish momentum till the price reaches the upper band. If the price reaches and then rejects the lower Bollinger band as a support line then we see some dominant bearish trend.
Price volatility was extremely low at approximately 2.42%, with the day's range between $0.239 — $0.249.
Price at the time of publishing: $0.242
DOGE’s market cap: $31.5 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, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Traded volume has been on the lower side of the spectrum 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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