DOGEUSD(4 HR) : DOGE to continue the downward trend
Market in the last 24hrs
DOGEUSD saw a steady bearish trend in the last 24 hours which was predicted in the last analysis. Trading volume has been significantly been low.
Today’s Trend analysis
DOGEUSD just touched the bottom Bollinger band, If the price accepts the line as a support line then we might see a reversal of the current trend and have some relief from the current bearish market. If the price follows the current trend and rejects the band as a support line then we can expect the price to go to the next probable support line(red trend line).
Price volatility was high at approximately 8.1%, with the day's range between $0.286 — $0.309.
Price at the time of publishing: $0.289
DOGE’s market cap: $37.5 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 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 steady bearish trend in the last 24 hours which was predicted in the last analysis. Trading volume has been significantly been low.
Today’s Trend analysis
DOGEUSD just touched the bottom Bollinger band, If the price accepts the line as a support line then we might see a reversal of the current trend and have some relief from the current bearish market. If the price follows the current trend and rejects the band as a support line then we can expect the price to go to the next probable support line(red trend line).
Price volatility was high at approximately 8.1%, with the day's range between $0.286 — $0.309.
Price at the time of publishing: $0.289
DOGE’s market cap: $37.5 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 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.
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Any feedback and suggestions would help in further improving the analysis!
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