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DC Daily Report: Is This Inverted Bull Hammer Enough To Propel Higher Prices?

DOGECOIN: Review + Close Of The Day

07-20-2022


15min chart

◘ Opening sell off under the 20ema turns tight Bull channel ◘ Large Bull exhaustion bar reverses forming a lower high double top

◘ Sideways to down pull back turns Bear break out to the open of the day ◘ Bear exhaustion bar under the 20ema expands into an extreme Bull break out

◘ Close of the day was a trading range near the 20ema

DOGEUSDT 15minute chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts

Daily Chart

◘ Today formed an inverted Bull hammer closing near yesterday's high + July trading range

◘ Bulls form a lower high double top with both June 26 ◘ Tomorrow's Bears may get a pull back to the 20ema given the wick on Today's bar ◘ 0.07695 is the High of Today. 0.069255 is -10% from that price, 0.06156 is -20% . ◘ 0.07014 is the Close of Today. 0.063126is -10% from that price, 0.056112 is -20% ◘ 0.06627 is the current price of the 20ema which could act as a magnet.

DOGEUSDT Daily chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts

Do Bulls trap Bears for a test upward forming an inside bar? Are Bears going short from Today's high or close for a scalp to test the moving average?

Will the July open of 0.06642 continue to act as a magnet?

What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 07-21-22 01:00 UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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