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.