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DC Daily Report: Is There A Strong Break Out To Follow The O-i-i Setup?

DOGECOIN: Review + Close Of The Day

06-09-2022


15min chart

◘ Trading range open turns higher low double bottom reversal

◘ Bulls break out and rally to test the wedge after 3 to 4 legs up turns scalp

◘ Bears short the wedge and test the open for a scalp to a lower low double bottom

◘ Outside up Bull break out to the open turns trading range into the close

◘ Possible end of the day Bull set up ◘ DOGE barely finishes 1st in 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 Bull DOJI or Inside Inverted Bull Hammer that closed low inside the trading range

◘ Bulls test the wedge and scalp turns Bears short the wedge and bounce

◘ These last few days Bears have formed an Outside - Inside - Inside bar or O-i-i setup ◘ Tomorrow has a higher chance of a break out ◘ Whoever controls Tomorrow's open may determine the break out direction ◘ DOGE is 5th or 2nd to last in compared performance on the YTD Daily Chart



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


Do Tomorrow's Bulls trap Bears at the open for a break out bull rally? Are Bears close enough to the low to push for a break out?

Will the market finally wiggle free of the trading range in a few days?

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

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