DOGECOIN: Review + Close Of The Day
06-08-2022
15min chart
◘ 2nd leg Bull trap into high volume Bear break out turns sideways to down trading range ◘ Bear break out under the 20ema a the end of the day attempting a new low ◘ Buybacks with Bulls for the last bar of the day turns Bear signal bar closing near it's low
◘ DOGE stayed under the wedge and the open for most of the day ◘ DOGE in 2nd place under ADA leading the charge in compared 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
◘ Inside Bear bar closes under the wedge and under the middle of the trading range
◘ Break out mode ◘ Bears may want a lower test for a scare and scalp ◘ Bulls may want early control to trap sell the close Bears for a break out up ◘ The trading range has been a like a magnet for 27-days ◘ The 20ema is coming down to the market price
◘ DOGE is 5th in compared performance YTD daily ADA burst into 2nd place under BTC
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
Will today's inside Bear bar foster confidence in tomorrow's sell the close Bears? Bulls may want quick control from the open. How long can they hold before they scalp?
Does the trading range bring the market back up to the trading range and 20ema?
What are your thoughts?
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by Digital Currency World News, dcworldnews.com
06-09-22 00:10UTC
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#doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp
*This is not Trading Nor Financial Advice.