DC Daily Report: Do Bulls Have Enough Strength For A Break Out?
DOGECOIN: Review + Close Of The Day
◘ 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
_________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp*This is not Trading Nor Financial Advice.