DC Daily Report: Can The Inside Bull Bar Setup Be Enough For A Bull Break Out?
DOGECOIN: Review + Close Of The Day
◘ Market opened with a double bottom into a break out Bull rally for a 3x measured move ◘ Double top Bear pullback reversal to under the 20ema into a trading range along 50% line ◘ Trading range around the 20ema lasted for 12 hours into the close of the day
◘ Market cycle: Break out to a channel to a trading range ◘ DOGE is 1st in compared performance on the 15min chart
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
◘ Today formed an inside Bull bar closing near it's mid point after a strong Bear inside bar
◘ There may be Outside - Inside - Inside or O-i-i setup which means break out mode ◘ Tomorrow's Bulls may have a double bottom and look to break out above Today's High ◘ Bears may see a failed Bull reversal attempt and look to continue the Bear trend ◘ The market may hold the trading range near the average for the last 4 days ◘ DOGE remains in 4th for 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
What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-18-22 00:12UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.