DOGE/USDT: Review + Close Of The Day
◘ Bull Break Out into a Reversal for the Bears.
◘ Bear Break Out fell into a 12 hour Trading Range near the 20ema
◘ Bears short the Double Top into a Break Out leading to a Tight Channel for 3 - 4 legs down
◘ Bears exhausted into a Higher Low Double Bottom
◘ Bulls Break Out Long for 2 legs
◘ 2nd Leg Up Bull Trap into a Trading Range till the Close of the day
DOGE/USDT Open Of The Day
◘ Bulls form a Hammer at the open into a Bull Doji bar as bad follow through.
◘ Sharp Reversal into a series of Bear bars testing the 05/20/22 Low.
◘ Bulls are attempting a Reversal
DOGEUSDT Daily Chart
◘ Moving sideways since May 12
◘ Close to the Top of just one of the Bear Channels
◘ Possible Double Bottom Trend Reversal Break Out above the Moving Average?
◘ Possible resumption of the Bear Trend to lower lows?
*This is not Trading Nor Financial Advice. Just DOGE food for thought.
by Digital Currency World News, dcworldnews.com
May 21, 2022 02:08UTC