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DC Daily Report: Bears Threaten More Downward Price Action

DOGE/USDT: Review + Close Of The Day

05-20-2022


◘ 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

05-21-2022


◘ 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 15minute candlestick chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts


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?


DOGEUSDT Daily candlestick chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts


*This is not Trading Nor Financial Advice. Just DOGE food for thought.


by Digital Currency World News, dcworldnews.com

May 21, 2022 02:08UTC





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