DOGEUSD(4 HR) : DOGE continues to slowly recover from the loss
Market in the last 24hrs
DOGEUSD saw a slightly bullish trend in the last 24 hours with price nearing the upper Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
Price has reached the upper Bollinger band which usually act as a strong resistance line. If the price accepts the upper band as a resistance line then we can see the price move with bearish momentum. There is a chance that the price rejects the resistance line then we might see a continuation of the current bullish trend.
Price volatility was very high at approximately 10.53%, with the day's range between $0.216— $0.248.
Price at the time of publishing: $0.248
DOGE’s market cap: $31 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 6 are giving SELL signal, 1 is giving neutral and 8 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 a slightly bullish trend in the last 24 hours with price nearing the upper Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
Price has reached the upper Bollinger band which usually act as a strong resistance line. If the price accepts the upper band as a resistance line then we can see the price move with bearish momentum. There is a chance that the price rejects the resistance line then we might see a continuation of the current bullish trend.
Price volatility was very high at approximately 10.53%, with the day's range between $0.216— $0.248.
Price at the time of publishing: $0.248
DOGE’s market cap: $31 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 6 are giving SELL signal, 1 is giving neutral and 8 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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