DOGECOIN: Review + Close Of The Day
◘ Opening Break out Bull trend to higher highs ◘ Pullbacks to the 20ema forming higher lows ◘ Bulls break out and exhaust to a deeper pull back around the 30% line
◘ Market forms a higher low into a resumption of the Bull trend ◘ The resumption turns into a double top pullback to the 20ema
◘ DOGE is 5th in compared performance on the 15 min line chart
◘ Bulls form a minor 3rd leg up closing above the 20ema with a small pullback at the top
◘ Today was a Bull break out above an O-i-i setup ◘ Approximately 42% gain from the Low of 06-18 to the High of 06-22 ◘ Bulls may attempt to close the sell gap above ◘ Bears may want to short the average for a scalp ◘ The 20ema is often a middle ground for price action unless the direction is favorably strong
◘ DOGE is 3rd in compared performance on the YTD Daily line chart
Do Bulls continue to close the Bear sell gap with a higher high above 0.07?
Are Bears setup up to short from the 20ema lower high double top and minor 3rd Bull leg?
Will the market hold traders near the 20ema for a few days disappointing both sides?
What are your thoughts?
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by Digital Currency World News, dcworldnews.com
*This is not Trading Nor Financial Advice.