top of page

DC Daily Report: Can Bulls Do More Than Bounce Off The Bottom Of The Bear Channel?

DOGECOIN: Review + Close Of The Day

06-15-2022


15min chart

◘ Expanding trading range open turns break out tight bear trend 2 - 5 legs for 9hrs ◘ 2nd leg Bear trap turns tight bull trend to bull break out, rally and pull back, also 9hrs ◘ Minor shake off and bear trap into an extreme bull break out forms new high of the day

◘ Bulls rally for 2 legs with 20ema gap ◘ Last bar looks exhaustive and tested resistance at the expanding wedge from June 13th

◘ DOGE is 1st in performance just above MANA, ADA then XRP with BTC and ETH in last

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

◘ Follow through Bulls bounced off the bottom of the Bear channel

◘ Today formed a break out Bull hammer closing near its high with above average volume ◘ The close is under June 12th close ◘ There are Bear gaps above that Swing Bulls may want to close ◘ Today may setup minor follow through to the 20ema but the risk of a reversal may be high ◘ Bear scalpers may look to short the close of the day attempting to reverse the break out

◘ DOGE is 4th in compared performance

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

Do Bulls trap Bears and break out test the 20ema closing the Bear gap? Are Bears looking to short high near the 20ema for a scalp?

Will the market continue strongly downward to lower support levels?

What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-15-22 00:41UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

3 views0 comments

Comments


bottom of page