DOGECOIN: Review + Close Of The Day
06-03-2022
15min chart
◘ Opening trading range turns sell off at the 20ema ◘ Bears trend short for 3 - 5 legs to large exhaustion ◘ The wedge after the exhaustion turned expanding wedge
◘ Expanding wedge turns Bull rally to Bear break out with trading range end
◘ DOGE is in 2nd place to BTC for 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 ◘ Bear break out starts strongly but fails to test the bottom of the wedge ◘ Today closed under the 20ema inside of the wedge continuing to trade sideways ◘ Bull may see today as a higher low double bottom buy for a scalp ◘ Bears may see this as a follow through sell break out of the wedge
◘ The open of the day may determine which side prevails
◘ DOGE performs 3rd under ETH with BTC in the lead
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
DOGECOIN Open Of The Day
06-04-2022 ◘ 1min: Bar 1 opens with a break out bull gap above the 20ema
◘ 1min: Bar 2 Failed bull follow through to a trading range
◘ 1min: Bar 3 Bear gap and reversal to the moving average closing low
◘ 1min: Bar 4 Bear follow through shorts under the open and 20ema close at the mid point
◘ 1min: Bar 5 Bears attempt control into minor bull break out reversal above the 20ema
◘ 1min: Bar 6 Strong Bull follow through Longs testing bar 1 close then scalp
◘ 1min: Bar 7 Bears inside bar lower high double top above the 20ema ◘ 1min: Bar 8 Strong break out bear follow through shorts under the 20ema forms lower low
◘ 1min: Bar 9 Bear gap into Bull reversal attempt turns minor short
◘ 1min: Bar 10 Break out Bull reversal to test above the open and 20ema
◘ 1min: Bar 11 Minor pause into Strong bull break out with above average volume
◘ 1min: Bar 12 Bull scalpers Bears short the Bull break out form bear inside bar
◘ 1min: Bar 13 Bulls form a wedge higher low inside bar
◘ 1min: Bar 14 Outside up Bull bar turns outside down bear trading range
◘ 1min: Bar 15 Bulls hover above the 20ema form Bear flag after a Bull break out
◘ 1min: Bar 16 Bears attempt control turns Bull break out to a lower high turns Bear bar
◘ 1min: Bar 17 Follow through Bears test the 20ema closes at mid point
◘ 1min: Bar 18 Bull control from the above the 20ema forms inside bar
◘ 1min: Bar 19 Bull gap finds Bear shorts and gap closure turns bear trading range bar
◘ 1min: Bar 20 Bull pause turns minor Bear break out
◘ 1min: Bar 21 Follow through Bears break out test below the 20ema close as bear hammer
◘ 1min: Bar 22 Strong Bull break out above the 20ema paused at higher high
◘ 1min: Bar 23 Bear inside bar double top
◘ 1min: Bar 24 Follow through minor Bear short Low 2 set up
◘ 1min: Bar 25 Minor Bear follow through
◘ 1min: Bar 26 Bulls Long above the 20ema break out test the double top to higher high
◘ 1min: Bar 27 Follow through break out Bulls close higher high turns inverted Bull hammer
◘ 1min: Bar 28 Minor Bear short the inverted hammer above the 20ema test the double top ◘ 1min: Bar 29 Bear Gap above the 20ema turns Bull break out attempt
◘ 5min: Bar 1 Bull trading range bar
◘ 5min: Bar 2 Weak Bull buy signal bar
◘ 5min: Bar 3 Follow through break out Bulls close above the 20ema
◘ 5min: Bar 4 Inside Bear bar test the 20ema
◘ 5min: Bar 5 Bull Higher High double top inverted Bull hammer
◘ 5min: Bar 6 Follow through break out Bulls above the 20ema
◘ 15min: Bar 1 Bull gap Break out Bull hammer closing at the 20ema
◘ 15min: Bar 2 Follow through scalp and break out Bull hammer
◘ DOGE is performing 3rd under MANA with ADA in the lead
◘ Opening 30min Technical Analysis is a "Sell 10, Neutral 9, Buy 7"
DOGEUSDT 1min, 5min, 15min 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
The open of the day is a trading range with bullish tendencies. Call and response for which side can get the bigger break outs then fail into a trading range.
Q1: Can Bulls rally high enough to hold the trading range for a scalp?
Q2: Do Bears follow through short under the wedge with a break out?
Q3: Will DOGE form break outs, reversals and trapping for both sides into a trading range?
What are your thoughts?
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by Digital Currency World News, dcworldnews.com
06-04-2022 00:50UTC
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#doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp
*This is not Trading Nor Financial Advice.