$DOGE . Bollinger Bands (BOLL): The current price is between the middle and upper bands of the Bollinger Bands, with a relatively large opening, indicating significant recent volatility. If the price can continue to break through the middle band and approach the upper band, there may be an upward trend.
2. Moving Averages (MA): The short-term moving averages MA5 and MA10 are turning upwards, but show slight signs of flattening. If the price can stay above the short-term moving averages and these averages continue to rise, it may support an upward trend.
3. MACD Indicator: The DIF and DEA values of MACD are relatively close, and the momentum bars are gradually weakening, indicating that short-term upward momentum may be diminishing. If a golden cross occurs later (DIF crosses above DEA), it may lead to further increases.
4. Trading Volume (VOL): Trading volume has recently increased, but has decreased with price adjustments. If subsequent increases are accompanied by rising volume, it may confirm an upward trend.
Suggestion:
If you are trading short-term, you can wait for the price to firmly establish above the middle band of the Bollinger Bands or for the MACD golden cross to appear before entering the market.
If you are holding long-term, you can pay attention to the overall market sentiment and fundamentals (such as the overall market situation, news developments, etc.).