DOGEUSD(4Hr) : Doge to move sideways after seeing a jump
Market in the last 24hrs
The price moved above the middle Bollinger band and can be seen oscillating between the middle and the upper Bollinger band. Trading volume has been very high in the last 24 hours and the volume can be seen decreasing with an increase in prices suggesting a trend reversal suggesting a sideways momentum.
Today’s Trend analysis
The price is expected to continue to move sideways between the middle and the upper Bollinger band. The price volatility is expected to be low as the Bollinger band can be seen converging.
Price volatility was low at approximately 2.57%, with the day's range between $0.274 — $0.286.
Price at the time of publishing: $0.281
DOGE’s market cap: $36.88 Billion
However, the Indicator summary is giving a 'BUY' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 4 are giving SELL signal, 1 is giving neutral and 10 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 above the middle Bollinger band and can be seen oscillating between the middle and the upper Bollinger band. Trading volume has been very high in the last 24 hours and the volume can be seen decreasing with an increase in prices suggesting a trend reversal suggesting a sideways momentum.
Today’s Trend analysis
The price is expected to continue to move sideways between the middle and the upper Bollinger band. The price volatility is expected to be low as the Bollinger band can be seen converging.
Price volatility was low at approximately 2.57%, with the day's range between $0.274 — $0.286.
Price at the time of publishing: $0.281
DOGE’s market cap: $36.88 Billion
However, the Indicator summary is giving a 'BUY' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 4 are giving SELL signal, 1 is giving neutral and 10 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!
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