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DC Daily Report: Is This Strong Inside Bear Bar Closing Low More Than Just A Bear Scalp?

DOGECOIN: Review + Close Of The Day

06-16-2022


15min chart

◘ Bears closed the opening 20ema gap with a lower high double top and break out ◘ Tight bear trend for 6hrs forming 20ema gap exhausted with a bull hammer ◘ Best the Bulls got was an expanding trading range turned exhaustion to a lower high

◘ Tight Bear trend to under the 20ema turns sideways then sells off ◘ Minor Bear exhaustion under the wedge and tight bear channel

◘ DOGE is 1st in 15 minute 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

◘ Today formed an inside Bear bar closing near its low after a 2 bar Bull reversal attempt

◘ Bears close the day approx. -12.5% ◘ Swing Bears may want a break out under the Bear channel ◘ Bear Scalpers may look to profit between 10 - 20% ◘ Bulls may look to to go long at the bottom of the Bear channel for a 10 - 20% scalp ◘ DOGE is 4th 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 Bears want more than a scalp from Today's drop? Are Bulls ready to break out with the risk of being trapped in a possible swing short?

Will the market move sideways along the 0.05 - 0.06 range to the 20ema?

What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-15-22 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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