DOGE/USDT: Review + Close Of The Day
◘ Opening trading range for 9 hours with below average volume
◘ Bulls break out above the trading range into a double top
◘ The reversal down formed a trading range for 7 hours
◘ Bulls formed a 2nd break out above the trading range into a double top
DOGE/USDT Open Of The Day
◘ 1st 15 min bar of the day is a bull hammer inside a double top
◘ The reversal down formed a trading range for 6 hours
◘ There is no break out until there is a break out
◘ Sideways to up wedging in with below average volume
DOGEUSDT Daily Chart
◘ Bulls won the 22nd but failed to touch the moving average
◘ Moving average trading may increase the market volume
◘ Bears may see the Bull failure as a signal for another leg down
◘ Bulls may trap Bears and test patience in holding sideways
◘ Bulls are close to the moving average that it may act as a magnet.
◘ Market moved sideways through the top of the bear wedge line with 2 bull bars.
Will the Bulls break out above the moving average with a close?
Are the Bears about to step in with a strong leg down testing lower lows?
Does DOGE continue sideways in a low volume trading range along the moving average?
What are your thoughts?
by Digital Currency World News, dcworldnews.com
May 23, 2022 06:10UTC
*This is not Trading Nor Financial Advice. Just DOGE food for thought.