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DC Daily Report: Failed Bear Break Out Trapped In The Wedge. Double Bottom Bulls Ready For A Bounce?

DOGECOIN: Review + Close Of The Day

06-07-2022


15min chart

◘ Strong sell off at the open for 2 legs down turns reversal sideways to up to the 20ema ◘ The trading range was 12 - 14 hours long hovering under the 50% line above the 20ema ◘ Failed Bull break out above the 50% line turns pull back into the trading range at 50%

◘ Bear break out under, Trading Range to, then Bull break out above the wedge and back ◘ 15min DOGE is last in performance with XRP in the lead

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

◘ Bear break out test under the wedge close above as a bear hammer ◘ Today closed in the middle of the trading range above the bottom of the wedge

◘ Bear may want today to be a signal for a low 2 short after a break out attempt ◘ Possible bottom of the wedge Bulls position for a break out to a scalp

◘ 20ema gap remains open ◘ 26-day Trading Range with failed minor break outs in both directions

◘ YTD Daily DOGE is 4th in performance

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 DOGECOIN Open Of The Day

06-08-2022 ◘ 1min Bears short the 20ema at the open into a lower low ◘ Bull Doji reversal turns Bull break out above the open and 20ema ◘ Bear pullback to the open into a 3-bar trading range ◘ Bull break out above the 20ema for 2 legs up failed 3rd into a minor pull back

◘ 5min outside down bear trading range bar has weak bear hammer follow through

◘ Bulls break out to then above the 20ema after trading range price action near the open

◘ 15min Open at the bottom of the wedge to a Bull hammer closing near its high

◘ Bull break out follow through test the 20ema closing near its high

◘ 1min DOGE is 3rd in performance

◘ 30min technical analysis is a " Neutral 10, Sell 9, Buy 7"

DOGEUSDT 1min, 5min, 15min chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts

DOGEUSDT 1 minute line chart, performance comparison with BTC, ETH, ADA, XRP, MANA Source: dcworldnews, tradingview charts

DOGEUSDT 30min Technical Analysis Source: dcworldnews, tradingview charts Do Tomorrow's Bears succeed with a Low 2 short break out under Today's low? Are Bulls ready to step up break out and rally to the top of the wedge and 20ema?

Will the market stay trapped inside the wedge trading range for the next few days? What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-08-2022 01:25UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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