This is DOGEUSD daily price analysis, provided by Mudrex (automated crypto investing platform). This 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 4 hr candles.
Market in the last 24hrs
- DOGEUSD touched the middle Bollinger band and started a bearish movement which indicates that the price has accepted the middle Bollinger band as a resistance line.
Today’s Trend analysis
- DOGEUSD is most likely to continue moving in this bearish direction unless we see a major jump in the volume .
- Price volatility remained low at approximately 6.1%, with the day’s range between $0.32 — $0.34.
- Price at the time of publishing: $0.33
- DOGE’s market cap: $42.7 Billion
- Oscillator indicators are mostly neutral but are suggesting a bearish trend.
- Moving average Indicators are giving a strong sell signal.
Price is expected to continue the bearish trend. Volatility will likely remain low in the similar timeframe. Most of the Oscillator indicators are neutral with slight indication of a bearish momentum. MACD histogram size is increasing in the positive region suggesting a bullish bias. RSI is below the midline and is in the neutral zone. Volume can be seen decreasing.
DOGEUSD 4hr price chart via tradingview
Most of the oscillators are neutral. CCI is at around -49, in the neutral region.
Definition:- Oscillator indicators are based on the market’s property that what goes up must come down. Reversion to the mean is one of the most fundamental properties of any market. Oscillators are predictive in nature, specifying future price momentum.
|Relative Strength Index (14)||40.6||Neutral|
|Stochastic %K (14, 3, 3)||57.5||Neutral|
|Commodity Channel Index (20)||-49||Neutral|
|Average Directional Index (14)||27||Neutral|
|MACD Level (12, 26)||-0.008||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||75||Neutral|
|Williams Percent Range (14)||51||Neutral|
|Bull Bear Power||-0.006||Sell|
|Ultimate Oscillator (7, 14, 28)||67.16||Neutral|
Moving Average Indicators
Moving average (MA) indicators are indicating an uptrend.
Definition:- Moving Average indicators are lagging indicators that help catch trends when they are beginning to take effect. The idea is to buy when the trend is moving up and sell when the trend is falling.
|Exponential Moving Average (10)||0.33||Sell|
|Simple Moving Average (10)||0.33||Sell|
|Exponential Moving Average (20)||0.34||Sell|
|Simple Moving Average (20)||0.34||Sell|
|Exponential Moving Average (30)||0.34||Sell|
|Simple Moving Average (30)||0.35||Sell|
|Exponential Moving Average (50)||0.35||Sell|
|Simple Moving Average (50)||0.37||Sell|
|Exponential Moving Average (100)||0.36||Sell|
|Simple Moving Average (100)||0.35||Sell|
|Exponential Moving Average (200)||0.37||Sell|
|Simple Moving Average (200)||0.4||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||0.34||Neutral|
|Volume Weighted Moving Average (20)||0.33||Sell|
|Hull Moving Average (9)||0.34||Sell|
In the recent few candles, the traded volume observed was very less as per DOGECOIN which may indicate that the investors are unsure about the market
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