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DC Daily Report: Bear Trend Or Lower Low Double Bottom Reversal?

DOGECOIN: Review + Close Of The Day

06-18-2022


15min chart

◘ Trading range open for 6hrs into a large Bear break out for 3 - 4 bars ◘ Buybacks and Bull scalpers break out to the 20ema turns trading range for 3 hours ◘ Bears short the double top reversal into a break out bear trend for 3 - 5 legs

◘ Buybacks and Strong Bulls from the low of the day (0.04914) into the prior trading range ◘ Bears pullback close to the 20ema into a inside bull bar for the close of the day

◘ DOGE is 4th on the compared performance 15min line chart

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

Daily Chart

◘ Today formed a strong Bear break out under yesterday's O-i-i setup

◘ New low of the year at 0.04914 ◘ Reversed up from the low to the 50% line for the day ◘ Closes a Bear hammer at it's midpoint ◘ Potential lower low double bottom reversal ◘ Potential continuation of the Bear trend

◘ 0.056 is the middle of the trading range

◘ DOGE remains 4th on the compared performance YTD Daily line chart

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 Bears continue the selloff lower with increased risk of a Bull reversal? Are Bulls prepared to scalp more than buybacks from exhaustive bear trends?

Will the market hold a trading range near 0.0555 for a few more days?

What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-19-22 00:00UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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