ADAUSD(4Hr): Cardano moving in an upward triangle
Market in the last 24hrs
The price is moving inside the upward triangle and is seen oscillating between the middle and the upper Bollinger bands. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move in the upward triangle. If the price moves below the triangle then we can expect a strong bearish trend else if it breaks above the triangle then a stronger bullish momentum is expected.
Price volatility was low at approximately 0.23%, with the day's range between $1.3 — $1.36.
Price at the time of publishing: $1.34
ADA’s market cap: $42.63 Billion
However, the Indicator summary is giving a 'BUY' 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, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Trading volume has been high in the last 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!
The price is moving inside the upward triangle and is seen oscillating between the middle and the upper Bollinger bands. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move in the upward triangle. If the price moves below the triangle then we can expect a strong bearish trend else if it breaks above the triangle then a stronger bullish momentum is expected.
Price volatility was low at approximately 0.23%, with the day's range between $1.3 — $1.36.
Price at the time of publishing: $1.34
ADA’s market cap: $42.63 Billion
However, the Indicator summary is giving a 'BUY' 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, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Trading volume has been high in the last 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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