DC Daily Report: Bulls or Bears! Who Will Grasp The 1-In-5 Chance To Break Out?
DOGECOIN: Review + Close Of The Day
◘ Opening trading range bar turns break out bull trend and channel for 2 legs up ◘ Bears sold the second leg bull trap testing the open and failed to a double bottom ◘ Double bottom turns bullish trading range around the 20ema till the close of the day
◘ Although Positive in percentage, DOGE is the last in compared performance
DOGEUSDT 15minute chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts
DOGE 15minute line chart, performance comparison with BTC, ETH, ADA, XRP, MANA Source: dcworldnews, tradingview charts
Daily Chart ◘ Strong Bull break out turns inverted bull hammer to the middle of the wedge ◘ Opening Bulls scalped the top of the wedge close under the mid point ◘ The market maintains the wedge trading range price action ◘ DOGE is bunched together with XRP, ETH with ADA closing in
DOGEUSDT Daily chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts
DOGEUSDT Daily line chart, performance comparison with BTC, ETH, ADA, XRP, MANA Source: dcworldnews, tradingview charts ◘ 26 days sideways in the wedge bear flag under the 20ema. ◘ Tightest point of the wedge is June 11 - 12 ◘ The is a 20% or 1-in-5 chance of a break out in either direction
Are Bulls ready to break out above the 20ema and wedge top? Do Bears trap Bulls and break out under the bear flag to lower lows?
Will the market continue to tighten in the wedge until the June 11 - 12?
What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-07-2022 00:03UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.