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DC Daily Report: Does This Inside Bear Bar Bode Well Or Not For Bulls?

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? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-09-22 00:10UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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