DOGEUSD closes within prior day's range
Doge/US Dollar Index (DOGEUSD) Technical Analysis Report for Nov 22, 2020 | by Techniquant Editorial Team
DOGEUSD finished Sunday at 0.003401 losing $0.000160 (-4.49%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (DOGEUSD as at Nov 22, 2020):
Sunday's trading range has been $0.000484 (13.59%), that's far above the last trading month's daily average range of $0.000245. Weekly volatility is also higher, being way above the market's average weekly trading range. The longer-term, monthly volatility is currently higher than usual for DOGEUSD.
With another close above the upper Bollinger Band, prices are confirming their strong upward momentum in the short-term. A drop back into the Bollinger Band on the next trading day while might signal a potential change in momentum that could lead to a correction back down towards the center of the Bollinger Bands at 0.002853.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.