DOGEUSD saw a consolidated movement with a slight indication of a movement. Trading has been significantly been low.
Today’s Trend analysis
Price is expected to continue the current trend till it reaches the bottom and if the price doesn’t accept it as a support line then the next support line would be the . There is a chance that the price accepts the bottom as a support line then we might see a strong .
However, the Indicator summary is giving a ‘STRONG SELL’ signal on DOGEUSD.
Out of 11 Oscillator indicators, 3 are giving a SELL signal, 8 are neutral and 0 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.
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!
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