DOGEUSD(4 HR) : DOGE may never reach the moon
Market in the last 24hrs
DOGEUSD saw a consolidated movement with a slight indication of a bearish movement. Trading volume has been significantly been low.
Today’s Trend analysis
Price is expected to continue the current trend till it reaches the bottom Bollinger band and if the price doesn't accept it as a support line then the next support line would be the trend line. There is a chance that the price accepts the bottom Bollinger band as a support line then we might see a strong bullish trend.
Price volatility remained low at approximately 2.95%, with the day's range between $0.305 — $0.314.
Price at the time of publishing: $0.308
DOGE’s market cap: $40 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 3 are giving a SELL signal, 8 are neutral and 0 are 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.
Traded volume has remained low 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 consolidated movement with a slight indication of a bearish movement. Trading volume has been significantly been low.
Today’s Trend analysis
Price is expected to continue the current trend till it reaches the bottom Bollinger band and if the price doesn't accept it as a support line then the next support line would be the trend line. There is a chance that the price accepts the bottom Bollinger band as a support line then we might see a strong bullish trend.
Price volatility remained low at approximately 2.95%, with the day's range between $0.305 — $0.314.
Price at the time of publishing: $0.308
DOGE’s market cap: $40 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 3 are giving a SELL signal, 8 are neutral and 0 are 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.
Traded volume has remained low 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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