DC Daily Report: Is Today More Trading Range Than Bull Signal Bar?
DOGECOIN: Review + Close Of The Day
◘ Opening as a 2nd leg bear trap turns higher low double bottom bull break out ◘ Head and shoulder top turns bear short above the 20ema for 3 legs down ◘ Market trading range sideways to up till the close of the day ending bullish
◘ More bull than bear but still below average volume for most of the bars ◘ DOGE held 1st place performer for the majority of the day
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 a micro lower low double bottom bull bar closing in the middle of the wedge ◘ Trading range price action holding the market inside of the wedge ◘ Bears failed to break out under the wedge ◘ Minor Bull bar as possible Bull signal
◘ DOGE is 3rd in performance under ETH with BTC in the lead
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
06-05-2022 ◘ 1min chart opening trading turns sell off as a bounce off and above the 20ema ◘ The minor bull break out above the 20ema formed a higher high double top and reversed ◘ The reversal was a choppy sideways to down under the 20ema
◘ 5min a series of inverted bear hammers and higher high double top reversal to the 20ema ◘ 15min Bull signal above the 20ema turns strong bear signal closing low
◘ XRP, ETH, BTC then DOGE in 4th for performance
◘ 15 minute technical analysis is a " Sell 9, Neutral 9, Buy 8 "
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 15min Technical Analysis Source: dcworldnews, tradingview charts
Are Bears strong enough to control the open and break out of the wedge? Do Bulls stand ground for a rally to the top of the wedge then scalp?
Will the market continue to travel sideways in the wedge until closer to June 12 - 13? What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-05-2022 03:02UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.