DOGEUSD(4Hr) : DOGE may see some bullish trend in the next 24Hrs
Market in the last 24hrs
DOGEUSD saw a major downtrend in the last 24 hours with price moving from the upper Bollinger band to below the lower Bollinger band. The trading volume has been on the lower side of the spectrum in the last 24 hours.
Today’s Trend analysis
The price is expected to see a slight uptrend till the price reaches the middle Bollinger band. An exception can also take place which is that price may reject the lower band as a support line then we might see continuation of the bearish trend.
Price volatility was extremely low at approximately 2.22%, with the day's range between $0.24 — $0.251.
Price at the time of publishing: $0.243
DOGE’s market cap: $31.7 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, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Traded volume has been on the lower side of the spectrum 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 major downtrend in the last 24 hours with price moving from the upper Bollinger band to below the lower Bollinger band. The trading volume has been on the lower side of the spectrum in the last 24 hours.
Today’s Trend analysis
The price is expected to see a slight uptrend till the price reaches the middle Bollinger band. An exception can also take place which is that price may reject the lower band as a support line then we might see continuation of the bearish trend.
Price volatility was extremely low at approximately 2.22%, with the day's range between $0.24 — $0.251.
Price at the time of publishing: $0.243
DOGE’s market cap: $31.7 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, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Traded volume has been on the lower side of the spectrum 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!
