DOGEUSD(4Hr) : DOGE still have a bullish chance
Market in the last 24hrs
The price saw a downward momentum for the upper to the middle Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
The price is on the middle Bollinger band, the likely scenario is that the price accepts the middle band as a support line then the price is expected to move in a bullish momentum till it reaches the upper Bollinger band else it is likely to move in a bearish momentum till it reaches the Bottom Bollinger band.
Price volatility was high at approximately 4.17%, with the day's range between $0.241 — $0.256.
Price at the time of publishing: $0.245
DOGE’s market cap: $32.2 Billion
However, the Indicator summary is giving a 'BUY' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 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 saw a downward momentum for the upper to the middle Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
The price is on the middle Bollinger band, the likely scenario is that the price accepts the middle band as a support line then the price is expected to move in a bullish momentum till it reaches the upper Bollinger band else it is likely to move in a bearish momentum till it reaches the Bottom Bollinger band.
Price volatility was high at approximately 4.17%, with the day's range between $0.241 — $0.256.
Price at the time of publishing: $0.245
DOGE’s market cap: $32.2 Billion
However, the Indicator summary is giving a 'BUY' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 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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