DOGEUSD(4Hr) : TA signaling a major uptrend
Market in the last 24hrs
The price can be seen moving between the middle and the upper Bollinger band. It seems that the price has accepted the middle Bollinger band as a support line. The trading volume has been very high in the last 24 hours. We can see the price increase with a decrease in volume suggesting a possible reversal i.e. once the price touches the upper Bollinger band.
Today’s Trend analysis
The price is expected to continue to move in a bullish momentum till the price reaches the upper Bollinger band. After this, a consolidated movement is expected.
Price volatility was low at approximately 1.5%, with the day's range between $0.231 — $0.267.
Price at the time of publishing: $0.255
DOGE’s market cap: $26.22 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on DOGEUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 8 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 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 can be seen moving between the middle and the upper Bollinger band. It seems that the price has accepted the middle Bollinger band as a support line. The trading volume has been very high in the last 24 hours. We can see the price increase with a decrease in volume suggesting a possible reversal i.e. once the price touches the upper Bollinger band.
Today’s Trend analysis
The price is expected to continue to move in a bullish momentum till the price reaches the upper Bollinger band. After this, a consolidated movement is expected.
Price volatility was low at approximately 1.5%, with the day's range between $0.231 — $0.267.
Price at the time of publishing: $0.255
DOGE’s market cap: $26.22 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on DOGEUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 8 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 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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