AAVEUSD Price AnalysisThe daily chart shows the AAVE token has dropped out of a rising trend channel. The lower edge of the pattern, which previously acted as support, is now the first resistance level at $322. Furthermore, the 100-day moving average at $321.75 reinforces the trend line. This was evident last week when Aave tried to recover the uptrend but was swiftly rejected.
As long as the Aave price is below $322, it is vulnerable to further weakness. In that event, a logical target is the 20th of July low at $212, which sits just above May’s ‘flash crash’ low of $206. However, if the price scales $322, the bearish view becomes invalid and the uptrend returns as the dominant theme.
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Technicalindicators
XRPUSD(4Hr) : XRP moving in a calming consolidated mannerMarket in the last 24hrs
The price moved sideways from the middle to upper Bollinger band. The volatility is expected to be low as the Bollinger bands are seen converging. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
The price is expected to move in a consolidated momentum and oscillate between the upper and lower Bollinger band.
Price volatility was extremely low at approximately 0.72%, with the day's range between $0.94 — $0.98.
Price at the time of publishing: $0.97
XRP’s market cap: $44.69 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
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, 9 are giving SELL signal, 1 is giving neutral and 5 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!
KOTAK MAHINDRA 17 % TARGET HITTi have discusses how the 17% target of kotak mahindra has hit
i also discusssed that why heavy weights are moving these days
i also have discussed the mental psychology of the traaders near the boom
i also discussed the money flows of traders from a volatile securities to the safe side
XRPUSD(4Hr) : XRP saw a big jump in the last 24 hoursMarket in the last 24hrs
The XRPUSD saw a bullish momentum as the price moved from the middle Bollinger band to the upper Bollinger band. Trading volume has been very high in the last 24 hours and the volume can be seen increasing with an increase in price suggesting a strong bullish momentum.
Today’s Trend analysis
The recent red tick is suggesting that the price has accepted the upper Bollinger band as a resistance line, thus a consolidated momentum is more likely with a slight indication of bullish momentum. The gap between the upper and lower Bollinger band suggest that price volatility can be high.
Price volatility was high at approximately 7.44%, with the day's range between $0.98 — $1.02.
Price at the time of publishing: $1.01
XRP’s market cap: $47.1 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
GOLD FED NEWS DECISION PENDINGYesterday I posted a idea of short sell, there were scenario of buy and sell, I was confident on FED meeting on interest rate decision. But yet not confirmed.
Technically speaking it looks like price will continue lower and it will move below the previous lows 1744. Well I recommend you that open small lot size of 0.01 according to your risk management. Wait for FED meeting confirmation on further price action.
There will be two scenario
In CASE 1
If price goes to the above 1782-85, then the level to look out for is 1810.
In CASE 2
If price goes to the above 1772-69 as strong support, then the level to look out for is 1735 and low.
AGAIN I RECOMMEND you to take action after FED news and best entry position would be below 1770.
FOLLOW for future UPDATES, Like and Comment
XRPUSD(4Hr) : Ripple stabilizing after seeing a big fallMarket in the last 24hrs
XRPUSD seeing sideways momentum after dropping 0.2$ in the last weeks. The big drop can also be supported by a large trading volume. Trading volume was very high in the last 24 hours.
Today’s Trend analysis
The price is expected to follow the current consolidated movement till the price reaches the middle Bollinger Band.
Price volatility was low at approximately 2.74%, with the day's range between $0.874 — $0.958.
Price at the time of publishing: $0.95
XRP’s market cap: $44.55 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
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, 12 are giving SELL signal, 1 is giving neutral and 2 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!
XAUUSD Re-testHey folks! Glad you could be here to read this. If you read my previous update on Gold, you would have a massive smile across your face and a hefty bit of profit to enjoy too. Congrats on that front. It is time now to get to business.
Currently, the 4 hour timeframe shows that gold is already trying to bounce back up and retest the previous support level (which will now act as resistance). You can expect the prices to shoot up to $1840-ish level. This means that if you are just in time, go long! It is a perfect buying opportunity. However, just because it is one, please do not open a massive position as it can first take a dip in the opposite direction and then start its ascend. Take calculated risks.
Technical Indicators:
MACD - Strong Buy (4 hours)
CCI - Buy
ETHUSD(4Hr) : ETH showing some recoveryMarket in the last 24 hours
ETHUSD moved in a bullish momentum along with the upper Bollinger band. Trading volume has been high in the last 24 hours with increasing prices suggesting a continuation of the current bullish momentum.
Next 24 hours Trend analysis
The price is expected to continue to move in a bullish momentum along with the upper Bollinger band.
The price change was high at approximately 5.54%, with the week's range between $3400 — $3673.
Price at the time of publishing: $3608
ETH’s market cap: $424 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Traded volume has remained high in the past week. 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 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
$GMVD Target PTs 4 and higher-3.50-4.75-4.40-7 and higherG Medical Innovations Holdings Ltd, together with its subsidiaries, an early commercial stage healthcare company, engages in the development of next generation mobile health and telemedicine solutions in the United States, China, and Israel. The company's products include Prizma, a plug-and-play medical device that measures vital signs with electronic medical records functionality and clinical grade reporting standards; and Extended Holter Patch System, a multi-channel patient-worn biosensor that captures electrocardiogram data continuously for up to 14 days. It also develops Wireless Vital Signs Monitoring System, a solution that provides continuous real time monitoring of vital signs and biometrics. In addition, it offers monitoring services, including independent diagnostic testing facility monitoring and private monitoring services. G Medical Innovations Holdings Ltd was founded in 2014 and is based in Rehovot, Israel.
XRPUSD(4HR) : XRP experiencing slow and steady growthMarket in the last 24hrs
The price can be seen moving in a slight bullish momentum as it moved from the middle to the upper Bollinger band. The trading volume has been high in the last 24 hours can be seen increasing throughout the day.
Today’s Trend analysis
The price is expected to move in an overall bullish momentum as the trading volume can be seen increasing with an increase in price.
Price volatility was low at approximately 4.95%, with the day's range between $1.07 — $1.13.
Price at the time of publishing: $1.12
XRP’s market cap: $52.41 Billion
However, the Indicator summary is giving a 'BUY' signal on XRPUSD.
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, 3 are giving SELL signal, 1 is giving neutral and 11 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!
XRPUSD(4Hr) : XRP oscillating as it moves sidewaysMarket in the last 24hrs
The price touched the upper Bollinger band and accepted it as a resistance line and now can be seen moving in downward momentum towards the bottom Bollinger band. Trading volume has been high in the last 24 hours but is on the lower side of the spectrum when compared to last week.
Today’s Trend analysis
The recent tick is suggesting that the price has accepted the bottom Bollinger band as a support line which would indicate a slight bullish momentum till the price reaches the upper Bollinger band.
Price volatility was low at approximately 4.74%, with the day's range between $1.04 — $1.13.
Price at the time of publishing: $1.05
XRP’s market cap: $49.11 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 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!
VeThor Token (VTHOUSD)Bullish pennant developed on the Daily chart, along with Hidden Class A Bullish Divergence on both the MACD & RSI oscillators.
Education excerpt: Relative Strength IndexEducation excerpt: Relative Strength Index
General information
The Relative Strength Index ( RSI ) is a momentum oscillator that was introduced by J. Welles Wilder in an article published in Commodities magazine in June 1978. The Relative Strength Index measures the velocity of directional price movement and is commonly used in conjunction with a daily bar chart. However, it can be utilized on a bar chart with any particular time frame. The concept of this oscillator is based upon an idea of an asset being oversold or overbought. Generally, tops and bottoms are indicated when the RSI goes above 70 or drops below 30. Although, failure swings above 70 or below 30 can imply possible market reversal. Similarly, divergence between the RSI and price action on the chart can signal a market turning point. Chart formations and support and resistance often show up graphically on the RSI despite the fact that they may not be apparent on the bar chart. The slope of the momentum oscillator is directly proportional to the velocity of the move. Thus, the distance traveled up or down by the RSI is proportional to the magnitude of the move. The horizontal axis represents time and the vertical axis represents distance traveled by the indicator. The RSI moves slowly when the market continues its directional movement . However, once price is at the market turning point, RSI tends to move faster.
Calculation
The Relative Strength Index is commonly calculated using the close price of a 14 day period. The equation for its calculation involves several components.
These are:
• Average up closes
• Average down closes
• Relative strength
Relative Strength ( RS ) = (average of 14 day's closes up/average of 14 day's closes down)
Relative Strength Index ( RSI ) = 100 –
Calculation begins with obtaining the sum of the up closes for the previous 14 days. This sum is then divided by the number of days used in calculating the generating figure for average up closes. Similarly, the sum of the down closes for the previous 14 days is divided by the number of days used in calculating the generating figure for average down closes. After these two operations are conducted, the average up days are divided by the average down days resulting in the value of the Relative Strength ( RS ). The number 1 is then added to the value of RS . Next, 100 is divided by the new amount of RS . The resulting figure is subsequently subtracted by 100 generating the value of the Relative Strength Index ( RSI ). From this step on, the previous value of average up closes and average down closes can be used to generate the next value of the RSI . In order to calculate the next average up close, the previous value of average up closes is multiplied by 13 and the present day average up close is added to this figure. This value is then divided by 14 generating the value for the new average up closes. In similar fashion, the new average down close is calculated by multiplying the previous average down closes by 13. Today's down close is then added to the figure. The resulting figure is again divided by 14 to generate the new average down close. After that, the same steps indicated to calculate the initial RSI need to be followed.
Divergence
When trend is prevalent and two indexes (or index and price) are going simultaneously either up or down they exhibit positive correlation. However, when this correlation breaks and one index (or price) keeps going up while another index reverses down divergence is said to occur. Technical analyst should pay attention to this instance as it sometimes has abillity to foreshadow upcoming reversal in trend. Though, there are many instances when divergence occurs and reversal in price trend fails to materialize. For this reason some analysts like to implement concept of double divergence.
Double divergence
There are many instances when price continues its rise and analyst can observe oscillator or idex to fall only to see it later climb back up in tandem with price. (same applies to the opposite situation when price falls and index or oscillator starts to rise) The divergence occured but price trend remained intact. Because the divergence can be misleading, some analysts preffer to wait for the second divergence before placing their entries or exits.
Disclaimer: This content serves only educational purpose.
XRPUSD(4Hr) : XRP consolidates after seeing a big drop in priceMarket in the last 24hrs
XRPUSD saw a consolidated movement in the last 24 hours after seeing a big drop a day prior. Trading volume has been high in the last 24 hours but can be seen decreasing recently.
Today’s Trend analysis
The price is expected to move in bullish momentum till the price touches the middle Bollinger band in the next 24 hours.
Price volatility was low at approximately 2.3%, with the day's range between $1.02 — $1.15.
Price at the time of publishing: $1.1
XRP’s market cap: $51.77 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
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, 13 are giving SELL signal, 1 is giving neutral and 1 is 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!
Bitcoin current situation (09/07/2021)I believe today's abrupt descent needs a more in-depth analysis than what I normally do.
I omit the news and focus immediately and above all on the multiday chart with daily candle.
Yesterday very good closing and a day high at around 52.7K; today, on the other hand, the prices immediately appeared a bit weak and then fell sharply towards 16.00 and touched the minimum in the hourly candle of 17.00.
Today's low has reached 2 levels that you can see repeatedly in my previous charts, for example I take an old analysis from 07/14/2021
these levels are none other than:
- the maximum of the candle that everyone remembers of 05/19/2021,
- 61.80% Fibonacci
At this point what could happen?
1st scenario: My algotrading is a mathematical system and therefore does not "reason" on levels, but on indicators and therefore as expected with such violent movements it will close the long position at the end of the day and enter short.
2nd scenario: graphically, the uptrend does not seem completely compromised yet; to be able to talk about a bearish reversal, in my opinion, it is necessary to wait a moment longer and wait for a daily close below today's low.
If you have any discussion points let's talk about it together, I'd like to have a discussion with you.
Good evening everybody!
XRPUSD(4Hr) : XRP moving in a strong bullish momentumMarket in the last 24hrs
The price has been moving in bullish momentum and moved above the upper Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move in bullish momentum till the price accepts the upper Bollinger band as a resistance line after which we can expect a consolidated movement with a slight indication of bullish momentum.
Price volatility was moderate at approximately 4.76%, with the day's range between $1.23 — $1.32.
Price at the time of publishing: $1.3
XRP’s market cap: $60.68 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 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.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
XRPUSD(4Hr) : XRP moving in a strong bullish momentumMarket in the last 24hrs
XRPUSD moved in an upward momentum along with the upper Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
The price is expected to move in an upward momentum till the price moves above the upper Bollinger band after which a consolidated momentum is expected.
Price volatility was moderate at approximately 4.76%, with the day's range between $1.23 — $1.32.
Price at the time of publishing: $1.3
XRP’s market cap: $60.68 Billion
However, the Indicator summary is giving a 'BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 3 are giving a SELL signal, 7 are neutral and 1 is 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!
ETHUSD(1D) : ETH saw boost as the daily trading volume roseMarket in the last 1 week
The price saw a major jump as it moved from the middle Bollinger band to above the upper Bollinger band. Trading volume has been moderate but saw a major jump due to which there was a sudden jump in the price.
Next Week's Trend analysis
The price moved above the upper Bollinger band suggesting a momentum reversal so the price is expected to mode in a consolidated movement with a slight indication of bullish momentum.
The price change was low at approximately 1.95%, with the week's range between $3696 — $3837.
Price at the time of publishing: $3774
ETH’s market cap: $443 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 4 are giving a SELL signal, 5 are neutral and 2 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.
Traded volume has remained high in the past week. 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 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
DOGEUSD(4Hr) : Doge to move sideways after seeing a jumpMarket 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!
Supply and Demand Zones - An Approach to Identifying Key LevelsIn this video I will break down my process in identifying supply and demand zones through technical analysis.
Being able to identify these key areas allows for the trader to recognize potential levels of resistance and/or support.
I also go over a few other technical analysis approaches I use when looking to identify similar key levels on a chart. From my experience, it works best for me to stick with the first technical approach that I am able to identify when looking at a particular symbol's chart. The more you look at a chart the more you will find an opportunity to squeeze in another form of technical analysis, often leading to clutter and uncertainty.
XRPUSD(4Hr) : XRP saw a big jumpMarket in the last 24hrs
The price moved from the bottom bollinger band and to above the upper Bollinger band as the volume saw a major increase. The trading volume has been high and saw a sudden increase in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move in upward momentum and oscillate between the upper and middle Bollinger band as support and resistance lines.
Price volatility was high at approximately 7.3%, with the day's range between $1.09 — $1.24.
Price at the time of publishing: $1.19
XRP’s market cap: $55.26 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 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.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
DOGEUSD(4Hr) : Doge in a sideways momentumMarket in the last 24hrs
The price can be seen moving along the middle Bollinger band in the last 24 hours. Trading volume has been very high in the last 24 hours
Today’s Trend analysis
The price is expected to continue to move sideways along the middle Bollinger band and is expected to continue to move in a similar momentum until there is a sudden change in the volume or any other fundamental factor.
Price volatility was low at approximately 0.34%, with the day's range between $0.278 — $0.29.
Price at the time of publishing: $0.281
DOGE’s market cap: $38 Billion
However, the Indicator summary is giving a 'SELL' 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, 12 are giving SELL signal, 1 is giving neutral and 2 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!