DC Daily Report: Are Bull Whales Stepping In After The Strong Bear Close?
DOGECOIN: Review + Close Of The Day
◘ Trading range open sideways to up for 8hrs forms a double top above the 20ema ◘ Bear break out under the 20ema and open into a Bear trend holding a moving average gap ◘ Bears exhausted after 3 - 5 legs down with no major exhaustion bar
◘ Best the Bulls got is a minor reversal to the 20ema turns trading range ◘ Minor bear break out at the close of the day
◘ DOGE is 4th for 15min compared performance with a steady BTC in the lead
DOGEUSDT 15minute chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts
DOGE 15minute line chart, performance comparison with BTC, ETH, ADA, XRP, MANA Source: dcworldnews, tradingview charts
◘ Strong bear follow through closing near its low after a low 2 short
◘ Possible Bear trend resumption or bottom test of the bear channel ◘ New low of the year @ 0.06793 and test under the May low ◘ DOGE is 5th in performance for the YTD daily compared performance
DOGEUSDT Daily chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts
DOGEUSDT Daily line chart, performance comparison with BTC, ETH, ADA, XRP, MANA Source: dcworldnews, tradingview charts
Do Tomorrow's Bears scalp the bottom of the bear channel Today forming a bear hammer? Are Bull whales ready to jump back into the pool?
What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-11-22 00:10 UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.