DOGEUSD(4Hr) : DOGE looking to go to the moon
Market in the last 24hrs
DOGEUSD saw a major jump recently as the price moved above the upper Bollinger band after moving in consolidated bearish momentum suggesting a trend break thus an upward movement. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
Price is expected to see a bullish momentum for the next 24 hours as the price moved above the upper Bollinger band a new trend should be setting on soon.
Price volatility was very high at approximately 15%, with the day's range between $0.192— $0.23.
Price at the time of publishing: $0.226
DOGE’s market cap: $29.59 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 6 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 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!
DOGEUSD saw a major jump recently as the price moved above the upper Bollinger band after moving in consolidated bearish momentum suggesting a trend break thus an upward movement. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
Price is expected to see a bullish momentum for the next 24 hours as the price moved above the upper Bollinger band a new trend should be setting on soon.
Price volatility was very high at approximately 15%, with the day's range between $0.192— $0.23.
Price at the time of publishing: $0.226
DOGE’s market cap: $29.59 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 6 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 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.
----------------------------------------------------------------------------------------
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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