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DC Daily Report: 13 Days Of Sideways. Break Out Soon?

DOGECOIN: Review + Close Of The Day


15min chart


05-25-2022

◘ Opening Bear break out quickly reversed by Bulls to above the moving average

◘ Bulls scalped above yesterday's high by 1pip before reversing from a double top

◘ Bears scalped below the moving average into a trading range that closed the day

DOGEUSDT 15minute chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts



Daily Chart


◘ Today is a weak Bear signal minor lower low

◘ Mostly a trading range

◘ Tested 1 pip above yesterday's high

◘ Close is 7pips down

◘ 30% the average daily volume

DOGEUSDT Daily chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts



DOGECOIN Open Of The Day


05-26-2022

◘ 1pip sell gap between yesterday's close and today's open

◘ Bulls close the sell gap and push to form a buy gap with closes above the moving average

◘ Bull Dojis on the the follow through

◘ The opening 15min Technical Analysis is a "Buy".


DOGEUSDT 1min, 5min, 15min chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts

DOGEUSDT 15min Technical Analysis Source: dcworldnews, tradingview charts



Is yesterday's lower low enough for Bears to short strongly or is it a trap?


Are Bulls bracing for impact to support levels or ready to launch to the moving average?


Or will the market continue sideways for a 14th day?



What are your thoughts?




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by Digital Currency World News, dcworldnews.com

May 26, 2022 00:50UTC

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*This is not Trading Nor Financial Advice.


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