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.
You can find price analysis from previous days on the blog here and on Tradingview here.
Analysis Summary
Market in the last 24hrs
- DOGEUSD witnessed a tepid trading volume. Price has taken support of the trend line multiple times.
Today’s Trend analysis
- DOGEUSD seems to be under some pressure. Price is likely to face a squeeze from the Bollinger Bands.
- The decrease in the trading volume has not been encouraging for the short term traders either.
- Price volatility remained moderately low at approximately 2.8%, with the day’s range between $0.318 – $0.327.
- Price at the time of publishing: $0.321
- DOGE’s market cap: $41.8 Billion
- Oscillator indicators are mostly neutral but are suggesting a bearish trend.
- Moving average Indicators are giving a strongly bearish view.
Price is expected to continue the bearish trend. Volatility will likely remain low in the smaller time frame. Most of the Oscillator indicators are neutral with slight indication of a bearish momentum.
DOGEUSD 4hr price chart via tradingview
Oscillator indicators
Most of the oscillators are neutral. Moving Average indicators are suggesting a strongly bearish momentum.
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.
| Sell | Neutral | Buy |
| 1 | 9 | 1 |
| Name | Value | Action |
| Relative Strength Index (14) | 34.6 | Neutral |
| Stochastic %K (14, 3, 3) | 15.5 | Neutral |
| Commodity Channel Index (20) | -131.3 | Neutral |
| Average Directional Index (14) | 27.69 | Neutral |
| Awesome Oscillator | -0.021 | Neutral |
| Momentum (10) | -0.0257 | Sell |
| MACD Level (12, 26) | -0.008 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 9.82 | Neutral |
| Williams Percent Range (14) | -96.74 | Neutral |
| Bull Bear Power | -0.014 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 42 | Neutral |
Moving Average Indicators
Moving average (MA) indicators are indicating a strong downtrend.
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.
| Sell | Neutral | Buy |
| 14 | 1 | 0 |
| Name | Value | Action |
| Exponential Moving Average (10) | 0.33 | Sell |
| Simple Moving Average (10) | 0.328 | Sell |
| Exponential Moving Average (20) | 0.334 | Sell |
| Simple Moving Average (20) | 0.324 | Sell |
| Exponential Moving Average (30) | 0.337 | Sell |
| Simple Moving Average (30) | 0.3378 | Sell |
| Exponential Moving Average (50) | 0.3438 | Sell |
| Simple Moving Average (50) | 0.3549 | Sell |
| Exponential Moving Average (100) | 0.35489 | Sell |
| Simple Moving Average (100) | 0.337 | Sell |
| Exponential Moving Average (200) | 0.362 | Sell |
| Simple Moving Average (200) | 0.3549 | Sell |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 0.335 | Neutral |
| Volume Weighted Moving Average (20) | 0.329 | Sell |
| Hull Moving Average (9) | 0.3196 | Buy |
Trade volume
In the recent few candles, the traded volume observed was decreasing. It suggested that the traders might be on a cautious mode and waiting for a confirmation about the direction.
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