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DC Daily Report: Do Bulls Have Enough Strength For A Break Out?

DOGECOIN: Review + Close Of The Day


08-07-2022


Daily Chart


◘ Bears tested initial support and the 20ema at the open of the day for a scalp

◘ Bulls stepped in for a rally into a trading range

◘ DOGE tussled in a trading range sideways to up for most of the day retesting the high

◘ Bulls scalped out the top near the 8/6 close

◘ DOGE pulled back closing as a higher low Bull trading range bar above support

◘ 15 minute Bulls open the 8/8 with a 2-Bar break out forming an early high and scalped

◘ Bears stepped in for a head + shoulders top or lower high short

◘ Currently the day is Bullish

DOGEUSDT Daily chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts


Do Bulls trap Bears for a break out up to initial resistance?

Are Bear scalpers ready for a 5 to 10% break out?

Will the market stay in the wedge between initial support and resistance?


What are your thoughts?


Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________

by Digital Currency World News, dcworldnews.com

08-08-2022

_________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp*This is not Trading Nor Financial Advice.

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