The price can be seen moving along the middle in a consolidated movement with a slight indication of momentum. Trading has been low in the last 24 hours which could also be the reason for the consolidated momentum of the price that can be seen.
Today’s Trend analysis
The price is expected to continue to move in a momentum till it reaches the lower after which a consolidated momentum is expected as the price oscillates between the middle and the upper .
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, 8 are giving SELL signal, 1 is giving neutral and 6 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!