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DOGEUSD(4 HR) : DOGE may never reach the moon

Short
BITTREX:DOGEUSD   Dogecoin / US Dollar
Market in the last 24hrs
DOGEUSD saw a consolidated movement with a slight indication of a bearish movement. Trading volume has been significantly been low.

Today’s Trend analysis
Price is expected to continue the current trend till it reaches the bottom Bollinger band and if the price doesn't accept it as a support line then the next support line would be the trend line . There is a chance that the price accepts the bottom Bollinger band as a support line then we might see a strong bullish trend .

Price volatility remained low at approximately 2.95%, with the day's range between $0.305 — $0.314.
Price at the time of publishing: $0.308
DOGE’s market cap: $40 Billion

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.


Traded volume has remained low in the past 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!
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Comments

Doge didn't just go to the moon, it went to Jupiter's moon already. 1 cent was the moon. When I sold it at 8 cents (no regrets) that was like 40x gains. Would never have imagined going to 10 cents let alone 75 cents and yet it happened 🤣. It can come back to 5 cents and still be on an up trend. Isn't that crazy????
+1 Reply
Mudrex mukit1
@mukit1 looks like we are just seeing the test flights from SpaceX, lets hope it reaches the moon safely and soon:)
Reply
Mudrex mukit1
@mukit1, that's so damn true man! I got it at 4 cents. still holding haha. tbh, I had no idea the ride would be this crazy. can't complain though :P
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Your calls are bogus
Reply
Mudrex bribri0914
@bribri0914, everyone is entitled to have their own opinion brother :) would love to actually see you do a post of your own
Reply
Mudrex bribri0914
@bribri0914, moreover we do not give calls or signals. we analyse the market outlook, and take into consideration a total of 26 technical indicators as well as macroeconomic news :)
+1 Reply
@Mudrex go eat shorts
Reply
🩳
Reply
I like it 👍
Reply
Mudrex Alex_master_forex
@Alex_master_forex, thanks glad to hear it :)
Reply