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
◘ 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
What are your thoughts?
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by Digital Currency World News, dcworldnews.com
*This is not Trading Nor Financial Advice.