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DC Daily Report: Break Out Or Trading Range After The Inverted Bear Hammer?

Updated: Aug 6, 2022

DOGECOIN: Review + Close Of The Day


Daily Chart

◘ 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

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

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?

Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________

by Digital Currency World News,


_________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp*This is not Trading Nor Financial Advice.

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