DOGECOIN: Review + Close Of The Day
◘ 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
◘ 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
DOGECOIN Open Of The Day
◘ 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".
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?
by Digital Currency World News, dcworldnews.com
May 26, 2022 00:50UTC
*This is not Trading Nor Financial Advice.