DOGEUSD(4Hr) : DOGE moving sideways in a descending triangleMarket 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!
Technicalindicators
XRP(4Hr) : Ripple moving in a sideways momentumMarket in the last 24hrs
XRPUSD seems to have accepted the middle Bollinger band as a resistance line and can be seen moving in downward momentum. Trading volume has been high in the last 24 hours. The volume can be seen decreasing with a decrease in price suggesting a trend reversal in the near future.
Today’s Trend analysis
The price is expected to continue to move in a downward momentum till it reaches the bottom Bollinger band after which a sideways movement is likely.
Price volatility was low at approximately 1.29%, with the day's range between $0.708 — $0.739.
Price at the time of publishing: $0.714
XRP’s market cap: $33.14 Billion
However, the Indicator summary is giving a 'SELL' 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, 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!
DOGEUSD(4Hr) : DOGE saw some recovery after 3 bearish daysMarket in the last 24hrs
The price saw a bullish momentum as DOGEUSD accepted the bottom Bollinger band as a support line. The trading volume has been very high in the last 24 hours
Today’s Trend analysis
The price can be seen moving above the middle Bollinger band suggesting that the price has rejected the middle band as a resistance line and a bullish momentum may be in the future till the price reaches the upper band.
Price volatility was low at approximately 2.92%, with the day's range between $0.194 — $0.203.
Price at the time of publishing: $0.201
DOGE’s market cap: $26.28 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, 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!
Bitcoin Price Prediction: Uptrend ResumptionAfter hitting as high as 42,600 on 1 August, Bitcoin prices could not proceed further, putting a pin in the balloon of traders holding bullish Bitcoin price prediction bets. The corrective move is said to have liquidated nearly 358K positions at a price of just over $37,500.
Tuesday’s move marks the 4th day of Bitcoin prices ending up in the red, but the price candle has found support at the 37455 price level.
Bulls need to build momentum on the intraday bounce to push the price above the price wall at 40,750/42,500. If this breakout attempt succeeds, 43569 and 46203 become the immediate upside targets.
If price breaks below 37455, 35297 and 32,500 become the immediate targets to the south. 30208 is also the barrier that stops the BTC/USD pair from dipping towards 27658.
It is also possible for price to become range-bound between the price wall that has 40750 serving as the ceiling and 37455 as the floor. The range can also be extended to include a new floor at 30280 if 35297 and 32500 give way.
Feel free and get in touch for more ideas and trade signals
DOGEUSD(4Hr) : DOGE starts another descentMarket in the last 24hrs
The price saw a bearish momentum in the last 24 hours as the price moved from the middle Bollinger band to below the lower Bollinger band. Trading volume has been high and saw a sudden rise with a decrease in the price suggesting a strong bearish momentum.
Today’s Trend analysis
The price is likely to continue to move in a bearish manner. As the price accepts the bottom Bollinger band as a support line then a consolidated bearish momentum is expected.
Price volatility was low at approximately 4.56%, with the day's range between $0.196 — $0.208.
Price at the time of publishing: $0.199
DOGE’s market cap: $25.96 Billion
However, the Indicator summary is giving a 'SELL' 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, 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!
ADAUSD(4Hr): Cardano moving in an upward triangleMarket in the last 24hrs
The price is moving inside the upward triangle and is seen oscillating between the middle and the upper Bollinger bands. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move in the upward triangle. If the price moves below the triangle then we can expect a strong bearish trend else if it breaks above the triangle then a stronger bullish momentum is expected.
Price volatility was low at approximately 0.23%, with the day's range between $1.3 — $1.36.
Price at the time of publishing: $1.34
ADA’s market cap: $42.63 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, 1 is giving SELL signal, 1 is giving neutral and 13 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(4Hr) : ETH holding a strong bullish momentumMarket in the last 24hrs
Price has been moving sideways. The price can be seen moving between the upper and the middle Bollinger bands. Trading volume has been on the higher side of the spectrum.
Today’s Trend analysis
The price is expected to continue to move in an overall bullish momentum between the upper and middle Bollinger bands. This momentum is expected to continue till the price exits the rising wedge.
Price volatility was very low at approximately 0.36%, with the day's range between $2511 — $2695.
Price at the time of publishing: $2454
ETH's market cap: $287 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving a SELL signal, 1 is neutral and 13 are giving a BUY signal.
Trading volume has been high in the last 24 hours.
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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.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
ETHUSD(4Hr) : ETH holding on to a bullish momentumMarket in the last 24hrs
The price can be seen oscillating between the middle and the upper Bollinger band. Trading volume has been moderate and can be seen decreasing suggesting a consolidated momentum for the price.
Today’s Trend analysis
The price is expecting a consolidated movement with a slight indication of a bearish momentum for the next 24 hours. In the long run, we are still looking at a bullish momentum.
Price volatility was very moderate at approximately 5.5%, with the day's range between $2392 — $2480.
Price at the time of publishing: $2454
ETH's market cap: $287 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving a SELL signal, 1 is neutral and 13 are giving a BUY signal.
Trading volume has been moderate in the last 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
Bitcoin Daily Bull Flag on 200 emaIn less than 6 hours Bitcoin CLOSES its DAILY CANDLE. If price finds SUPPORT on YELLOW 200 EMA then this will be an extremely bullish indicator alongside the BULL FLAG candle stick pattern and the LONG SIGNAL ON SUPER TREND INDICATOR. A breakout could establish a HIGHER LOW and take price to the 52k region. RSI has cooled off and is NOT OVERSOLD.
Long here ladies and gents and it feels good!
XRP(4Hr) : XRP recovering slowly towards 1$Market in the last 24hrs
Price can be seen oscillating between the upper and the middle Bollinger band as the price accepted the upper band as a resistance line. Trading volume has been very high in the last 24 hours but due to the volume being similar throughout the day the price also moved in a consolidated manner.
Today’s Trend analysis
The price is expected to continue to move in between the middle and upper Bollinger bands till we see drastic changes in volume or some other fundamental aspect.
Price volatility was low at approximately 2.48%, with the day's range between $0.702 — $0.765.
Price at the time of publishing: $0.722
XRP’s market cap: $33.39 Billion
However, the Indicator summary is giving a 'BUY' 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, 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!
DOGEUSD(4Hr) : DOGE saw a major dropMarket in the last 24hrs
DOGEUSD can be seen oscillating on the middle Bollinger band and recently saw a dip where the price rejected 2 major support lines i.e. the middle and the bottom Bollinger bands. Trading volume has been high and has remained almost similar throughout the day.
Today’s Trend analysis
The latest candle suggests a strong bearish momentum setting in the future.
Price volatility was low at approximately 2.69%, with the day's range between $0.196 — $0.211.
Price at the time of publishing: $0.199
DOGE’s market cap: $29.21 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 5 are giving a SELL signal, 6 are neutral and 0 are 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!
XRP(4Hr) : TA indicating a sideways movmentMarket in the last 24hrs
Price can be seen moving sideways in the last 24 hours between the upper and middle Bollinger bands. Trading volume has been low compared to the week which could be the reason behind a sideways movement of the price.
Today’s Trend analysis
The price is expected to continue to move in a slightly bearish momentum till it reaches the middle Bollinger band.
Price volatility was low at approximately 1.18%, with the day's range between $0.693 — $0.739.
Price at the time of publishing: $0.704
XRP’s market cap: $32.63 Billion
However, the Indicator summary is giving a 'BUY' 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, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Trading volume has been low 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(4Hr) : ETH moving with very low volatilityMarket in the last 24hrs
The price is moving in a slightly bearish momentum along with the middle Bollinger band in the last 24 hours. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price is moving along the middle Bollinger band which acts as a support line so as long as the price is moving above it we can expect an overall bullish momentum.
Price volatility was very low at approximately 0.3%, with the day's range between $2258 — $2342.
Price at the time of publishing: $2297
ETH's market cap: $268 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
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, 2 are giving a SELL signal, 1 is neutral and 12 are giving a BUY signal.
Trading volume has been high in the last 24 hours.
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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.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
DOGEUSD(4Hr) : DOGE moving along a strong supportMarket in the last 24hrs
Price is moving along the rising middle Bollinger band and the trend line in a consolidated movement. Trading volume has been high and has been similar throughout the day.
Today’s Trend analysis
The price is expected to continue to move in a similar direction following the trend line as it is acting as a good support line. If the price rejects the trend line as support then we may see a major downtrend.
Price volatility was low at approximately 1.89%, with the day's range between $0.202 — $0.214.
Price at the time of publishing: $0.207
DOGE’s market cap: $26.99 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!
Bitcoin - Analysis of 7/28/2021
The Algotrading Multiday system is long since July 26, 2021 from 37276.6
position performance: 6.70%
YTD performance: 64.82%
1 year performance: 76.52%
At the end of the day: keep
Graphic Analysis
Exceeding the 200 EMA gave a shock to the prices.
The prices have broken through the resistance at $ 40300, possible to extend towards $ 42000
Supports:
1st 40300
2nd EMA 200
Resistors:
1st 42000
I recommend observing, discussing, Like if you like, but as always, always use your head for operations !!
Gold - Analysis of 7/28/2021The Algotrading Multiday system is: short from July 16, 2021 from $ 1815
position performance: 1.11%
YTD performance: 10.04%
1 year performance: 12.13%
At the end of the day: maintain position
Number of transactions closed in the last year : 24
Average profit / loss per trade last year: 0.51%
Trade in gain percentage last year: 58.33%
Trade in loss percentage last year: 41.67%
Graphic Analysis
Sentiment remains bearish today as well.
I maintain the same objectives: first tp 1790 and second tp 1775
Supports:
$ 1790
$ 1750
Resistors:
$ 1802
EMA 200 ($ 1808)
I recommend observing, discussing, Like if you like, but as always, always use your head for operations !!
ETHUSD(4Hr) : ETH not looking to give up yetMarket in the last 24hrs
The price saw consolidated movement with a slight indication of bullish momentum. The price can be seen moving along the middle Bollinger band. The trading volume has been moderate for the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move in a slightly bullish consolidated movement along with the middle Bollinger band.
Price volatility was low at approximately 3.5%, with the day's range between $2209— $2334.
Price at the time of publishing: $2303
ETH's market cap: $269 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving a SELL signal, 1 is neutral and 13 are giving a BUY signal.
Trading volume has been moderate in the last 24 hours.
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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.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
DOGEUSD(4Hr) : DOGE moving in an upward triangleMarket in the last 24hrs
DOGEUSD saw an overall downtrend with price moving between the upper and middle Bollinger band. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
Price is expected to move in an uptrend as the price is looking like it is accepting the trend line and the middle Bollinger band as a support line. In the long term, the price is expected to move in the upward triangle.
Price volatility was high at approximately 7.1%, with the day's range between $0.195 — $0.228.
Price at the time of publishing: $0.203
DOGE’s market cap: $26.53 Billion
However, the Indicator summary is giving a 'NEUTRAL' 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, 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!
ETHUSD(4Hr) : ETH saw major jump along with other crypto'sMarket in the last 24hrs
ETHUSD saw a major uptrend as the price moved above the upper Bollinger band. Trading volume has been high in the last 24 hours. We can see the volume going down with a slight increase in price suggesting we might see a trend reversal and
Today’s Trend analysis
The price is expected to continue a consolidated movement with a slight indication of bullish momentum. This movement is expected to continue till it reaches the middle Bollinger band.
Price volatility was very high at approximately 10.45%, with the day's range between $2147— $2389.
Price at the time of publishing: $2377
ETH's market cap: $278 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving a SELL signal, 1 is neutral and 13 are giving a BUY signal.
Trading volume has been high in the last 24 hours.
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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.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
ETHUSD(4Hr) : ETH slowly moving upwardsMarket in the last 24hrs
The price saw bullish momentum in the last 24 hours. The price can be seen moving along the upper Bollinger band. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price is expected to move in a consolidated movement with a slight indication of a bullish momentum till it reaches the upper Bollinger band.
Price volatility was very low at approximately 3.54%, with the day's range between $1954— $2092.
Price at the time of publishing: $2053
ETH's market cap: $239.81 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, 2 are giving a SELL signal, 1 is neutral and 12 are giving a BUY signal.
Trading volume has been high in the last 24 hours.
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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.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
ADAUSD(4Hr) : Cardano recovering along with other cryptosMarket in the last 24hrs
ADAUSD saw a consolidated movement with a slight indication of bullish momentum. Trading volume has been high in the last 24 hours and can be seen decreasing with slight increase in price suggesting a bearish momentum in the future.
Today’s Trend analysis
The price is expected to continue the consolidated movement till the price reaches the upper Bollinger band after which the likely scenario is that the price accepts the upper band as a resistance line and move in a downward momentum.
Price volatility was low at approximately 1.4%, with the day's range between $1.14 — $1.21.
Price at the time of publishing: $1.2
ADA’s market cap: $38.34 Billion
However, the Indicator summary is giving a 'BUY' signal on DOGEUSD.
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, 4 are giving SELL signal, 1 is giving neutral and 10 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!
XRP(4Hr) : XRP recovering slowlyMarket in the last 24hrs
XRPUSD saw bullish momentum in the last 24 hours but lately, the price can be seen moving in a consolidated manner. Trading volume has been high in the last 24 hours which could be the reason behind the bullish movement.
Today’s Trend analysis
XRPUSD is expected to continue to move in a consolidated movement with a slight indication of bullish momentum. This is expected to continue till the price accepts the upper Bollinger band as a resistance line after which a sideways movement is expected.
Price volatility was high at approximately 7.38%, with the day's range between $0.544 — $0.589.
Price at the time of publishing: $0.583
XRP’s market cap: $27 Billion
However, the Indicator summary is giving a '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, 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!
DOGEUSD(4 HR) : DOGE looking to go to the moonMarket in the last 24hrs
Price saw a major upward movement in the last 24 hours. The price moved from the bottom Bollinger band to above the upper Bollinger band. Trading volume has been astronomical in the last 24 hours. The rising volume with rising in price can be an indication of strong bullish momentum.
Today’s Trend analysis
The price is expected to continue to move in upward momentum till the price accepts the upper Bollinger band as a support line, after which we can expect some consolidation with a slight indication of a bullish trend.
Price volatility was very high at approximately 9.86%, with the day's range between $0.168 — $0.214.
Price at the time of publishing: $0.191
DOGE’s market cap: $24.67 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
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, 5 are giving SELL signal, 1 is giving neutral and 9 are giving a BUY signal.
Trading volume has been astronomical 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!