DOGEUSD(4Hr) : DOGE showing great bullish momentum
Market in the last 24hrs
The price moved back above the trend line and moved above the upper Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move above the trend line in bullish momentum while oscillating between the middle and the upper Bollinger band.
Price volatility was high at approximately 11.34%, with the day's range between $0.3 — $0.351.
Price at the time of publishing: $0.336
DOGE’s market cap: $43.94 Billion
However, the Indicator summary is giving a 'BUY' 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, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Trading volume has been very 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!
The price moved back above the trend line and moved above the upper Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move above the trend line in bullish momentum while oscillating between the middle and the upper Bollinger band.
Price volatility was high at approximately 11.34%, with the day's range between $0.3 — $0.351.
Price at the time of publishing: $0.336
DOGE’s market cap: $43.94 Billion
However, the Indicator summary is giving a 'BUY' 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, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Trading volume has been very 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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