DOGEUSD(4Hr) : DOGE doesn't know where to go
Market in the last 24hrs
DOGEUSD saw a consolidated momentum with price accepting the middle Bollinger band as a resistance line. Trading volume has been low in the last 24 hours.
Today’s Trend analysis
Price is expected to continue its consolidated momentum and oscillate between the middle and bottom Bollinger band. We can expect this to continue till either the price rejects the bottom Bollinger band as a support line or the middle Bollinger as a resistance line.
Price volatility was moderate at approximately 3.5%, with the day's range between $0.189 — $0.205.
Price at the time of publishing: $0.19
DOGE’s market cap: $24.83 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 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.
Trading volume has been low 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 momentum with price accepting the middle Bollinger band as a resistance line. Trading volume has been low in the last 24 hours.
Today’s Trend analysis
Price is expected to continue its consolidated momentum and oscillate between the middle and bottom Bollinger band. We can expect this to continue till either the price rejects the bottom Bollinger band as a support line or the middle Bollinger as a resistance line.
Price volatility was moderate at approximately 3.5%, with the day's range between $0.189 — $0.205.
Price at the time of publishing: $0.19
DOGE’s market cap: $24.83 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 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.
Trading volume has been low 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.
----------------------------------------------------------------------------------------
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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