DOGECOIN: Review + Close Of The Day
05-27-2022
15min chart
◘ Sideways to up trading range day ◘ Bulls formed a strong break out around 15:15UTC ◘ Bulls scalped the extreme high above the moving average
◘ Bears shorted the extreme bull bar pulling the market back into the trading range
◘ Sideways to up trading range price action till the close of the day
DOGEUSDT 15minute chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts Daily Chart ◘ Today formed a Bull break out after yesterday's lower low double bottom bear bar
◘ Bull test of the moving average price similar to March 14th (left arrow in picture) ◘ Both today and 03-14 follow the bear break out after a bear flag ◘ Both are inverted Bull hammers closing a moving average bear gap ◘ A bear bar followed the 03-14 bull bar then sideways to up testing the moving average
◘ Bulls break out after 4 - 6 days
◘ Similar setup?
DOGEUSDT Daily chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts DOGECOIN Open Of The Day
05-28-2022 ◘ Early high of the day forms a lower high double top ◘ Bears take control with a break out trying to hold the market under the moving average ◘ Counter trend Bulls step in for scalps and moving average gaps
◘ The opening 15 minute technical analysis indicates a "Sell 10, Neutral 9, Buy 7"
DOGEUSDT 1min, 5min, 15min chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts
DOGEUSDT 15min Technical Analysis Source: dcworldnews, tradingview charts Do the Bears take advantage of the Bull confidence with a trap?
Can Bulls muster up the strength to rally against the Bears?
Will the market stay along the trading range path from the last 14 days?
What are your thoughts?
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by Digital Currency World News, dcworldnews.com
05-28-2022 03:09 UTC
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#doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp
*This is not Trading Nor Financial Advice.