DOGEUSD(4 HR) : DOGE moves in a consolidated movement
Market in the last 24hrs
DOGEUSD saw consolidated movement with a slight hint of bullish momentum in the last 24 hours. Trading volume has been very low in the last 24 hours.
Today’s Trend analysis
DOGE is expected to see a consolidated movement followed by a bearish movement, as the price just touched the upper Bollinger band which usually act as a strong resistance line. There is a chance that the price can see a bullish momentum if the price rejects the upper Bollinger band as a resistance line.
Price volatility was low at approximately 4.04%, with the day's range between $0.242— $0.267.
Price at the time of publishing: $0.255
DOGE’s market cap: $32 Billion
However, the Indicator summary is giving a 'BUY' 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, 5 are giving SELL signal, 1 is giving neutral and 9 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!
DOGEUSD saw consolidated movement with a slight hint of bullish momentum in the last 24 hours. Trading volume has been very low in the last 24 hours.
Today’s Trend analysis
DOGE is expected to see a consolidated movement followed by a bearish movement, as the price just touched the upper Bollinger band which usually act as a strong resistance line. There is a chance that the price can see a bullish momentum if the price rejects the upper Bollinger band as a resistance line.
Price volatility was low at approximately 4.04%, with the day's range between $0.242— $0.267.
Price at the time of publishing: $0.255
DOGE’s market cap: $32 Billion
However, the Indicator summary is giving a 'BUY' 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, 5 are giving SELL signal, 1 is giving neutral and 9 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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