Updated: Aug 6, 2022
DOGECOIN: Review + Close Of The Day
◘ Today formed an inverted Bear hammer closing near its low just above the 20ema
◘ Today's Bear signal may trigger at test of initial support and the 20ema for Tomorrow
◘ The market is remained inside of the wedge between initial resistance and initial support
◘ Bears may want the market to pull back to under low of Aug3rd
◘ The Bulls formed a minor reversal and rally for 9.5867% over 3 to 4 days
◘ The trading range is forming more break out setups and break out bars for both directions
◘ Most of the break outs are returning to the middle of the wedge trading range
Do Bears follow through with a Low 2 short testing the 20ema, initial support or the 8/3 Low?
Are Bulls setup for a break out above the wedge after the 8/3 higher low to bears?
Will DOGE continue to have failed break out attempts for both sides to remain in the wedge?
What are your thoughts?
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by Digital Currency World News, dcworldnews.com