DOGEUSD(4Hr) : DOGE looking to fall
Market in the last 24hrs
DOGEUSD saw a consolidated bearish movement as the price can be seen moving along below the middle Bollinger band and constantly accepting it as a resistance line. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
DOGEUSD is expected to continue this bearish trend till it reaches the Bottom Bollinger band. If the price accepts the bottom band as a support line then we can expect some consolidation from the price else if the price rejects it as a support line then the bearish trend will continue.
Price volatility was low at approximately 2.77%, with the day's range between $0.211 — $0.228.
Price at the time of publishing: $0.213
DOGE’s market cap: $27.7 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are 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.
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!
DOGEUSD saw a consolidated bearish movement as the price can be seen moving along below the middle Bollinger band and constantly accepting it as a resistance line. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
DOGEUSD is expected to continue this bearish trend till it reaches the Bottom Bollinger band. If the price accepts the bottom band as a support line then we can expect some consolidation from the price else if the price rejects it as a support line then the bearish trend will continue.
Price volatility was low at approximately 2.77%, with the day's range between $0.211 — $0.228.
Price at the time of publishing: $0.213
DOGE’s market cap: $27.7 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are 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.
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!
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