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DC Daily Report: Can The Bull Hammer Signal A Break Out To The Moving Average?

DOGECOIN: Review + Close Of The Day

05-29-2022


15min chart

◘ Today is still in the trading range engulfed by the bull break out (pic1) ◘ Opening reversal + break out short to under the 20ema with a low of 0.0798 (pic2)

◘ Higher low double bottom with 20ema Bear gap ◘ Bulls had follow through with a minor bull trend to a high of 0.0833

◘ Bears pull back to below the moving average for a scalp

◘ Bull rally forms a double top above the 20ema close of the day

◘ DOGE lands 2nd to last ahead of XRP in 15min Performance (pic3)

◘ ADA is the top performer for the day with

Pic1: DOGEUSDT 15minute chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts

Pic2:DOGEUSDT 15minute chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts


Pic3: DOGE 15minute line chart, performance comparison with BTC, ETH, ADA, XRP, MANA Source: dcworldnews, tradingview charts


Daily Chart ◘ Today formed a bull hammer closing above its midpoint as a higher low double bottom ◘ Bulls close for the 3rd day in a row possibly forming a high 2 bull signal ◘ Bulls signal to test the 20ema is in the middle of the 18 day trading range ◘ DOGE YTD performance is in the 3rd just below ETH + above XRP, ADA, and MANA

◘ Bitcoin is the top performer for the group

DOGE YTD + Close up 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

DOGECOIN Open Of The Day

05-30-2022 ◘ 15min: Trading range open into bear break out reversal attempt ◘ 5min: Opening trading range and bear bars into buybacks to the 20ema ◘ 1min: Above average volume Bear break out formed higher low double bottom

◘ DOGE is performing group in the middle with the others while MANA underperforms ◘ The 30 min opening technical analysis is a "Buy 15, Neutral 10, Sell 1"

DOGEUSDT 15min, 5min, 1min chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts


DOGEUSDT 1 minute line chart, performance comparison with BTC, ETH, ADA, XRP, MANA Source: dcworldnews, tradingview charts


DOGEUSDT 30min Technical Analysis Source: dcworldnews, tradingview charts Is this too low for moving average bears to short or is a bear break out near? Will Bulls rally with a test to the 20ema as a follow through from yesterday's bull signal?

Do we have at least 2 more days in the trading range? What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 05-30-2022 01:01UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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