DOGEUSD(4Hr) : DOGE moving sideways in a descending triangle
Market in the last 24hrs
The price moved from the bottom to the upper Bollinger band in a slightly bullish momentum in the last 24 hours. Trading volume has been high in the last 24 hours. The trading volume saw a huge rise and has been increasing since then.
Today’s Trend analysis
The price is about to exit the downward triangle thus will have low volatility in the near future. If the price exits above the triangle we can expect a strong bullish momentum or else if it breaks below then a strong bearish momentum is expected.
Price volatility was low at approximately 1.23%, with the day's range between $0.195 — $0.203.
Price at the time of publishing: $0.2
DOGE’s market cap: $26.22 Billion
However, the Indicator summary is giving a 'NEUTRAL' 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, 6 are giving SELL signal, 1 is giving neutral and 8 are giving a BUY signal.
Trading volume has been 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 from the bottom to the upper Bollinger band in a slightly bullish momentum in the last 24 hours. Trading volume has been high in the last 24 hours. The trading volume saw a huge rise and has been increasing since then.
Today’s Trend analysis
The price is about to exit the downward triangle thus will have low volatility in the near future. If the price exits above the triangle we can expect a strong bullish momentum or else if it breaks below then a strong bearish momentum is expected.
Price volatility was low at approximately 1.23%, with the day's range between $0.195 — $0.203.
Price at the time of publishing: $0.2
DOGE’s market cap: $26.22 Billion
However, the Indicator summary is giving a 'NEUTRAL' 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, 6 are giving SELL signal, 1 is giving neutral and 8 are giving a BUY signal.
Trading volume has been 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.
----------------------------------------------------------------------------------------
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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