DOGEUSD(4Hr) : DOGE moving with the Bulls
Market in the last 24hrs
DOGEUSD saw an overall bullish trend. We saw the price accepting the lower Bollinger band as a support line which resulted in the said bullish momentum. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price has reached the middle Bollinger band which usually acts as a good resistance line. The likely scenario is that the price accepts the middle band as a resistance line and the price will move back to its bearish momentum. If the price doesn't do that then we can expect it to move till it reaches the upper Bollinger band.
Price volatility was high at approximately 3.08%, with the day's range between $0.197 — $0.229.
Price at the time of publishing: $0.221
DOGE’s market cap: $28.83 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, 11 are giving SELL signal, 1 is giving neutral and 3 are 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 an overall bullish trend. We saw the price accepting the lower Bollinger band as a support line which resulted in the said bullish momentum. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price has reached the middle Bollinger band which usually acts as a good resistance line. The likely scenario is that the price accepts the middle band as a resistance line and the price will move back to its bearish momentum. If the price doesn't do that then we can expect it to move till it reaches the upper Bollinger band.
Price volatility was high at approximately 3.08%, with the day's range between $0.197 — $0.229.
Price at the time of publishing: $0.221
DOGE’s market cap: $28.83 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, 11 are giving SELL signal, 1 is giving neutral and 3 are 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.
----------------------------------------------------------------------------------------
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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