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DC Daily Report: Is Today's Double Bottom Reversal Setup Enough For The Bulls To Buy?

DOGECOIN: Review + Close Of The Day

06-19-2022


15min chart

◘ Opening tight bear selloff turns double bottom reversal break out bull trend ◘ Initial Bull break out tested the 2x measured move from yesterdays low ◘ Market moved sideways above the 20ema for 9hours before a 2nd break out above 0.06

◘ Bears formed a minor pullback to the 20ema for the close of the day. ◘ DOGE is 1st in compared performance on the 15 min line chart


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 Bull break out bar closing under it's high up 14.31% as a double bottom

◘ The major support and buy gaps are closed ◘ The Bears may be exhausted and look to short near the 20ema or higher ◘ Buybacks and scalp volumes are increasing ◘ Bulls may look to close the Bears moving average gap soon ◘ DOGE is 4th in 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 Bears hard short a potential double bottom reversal with the market this low? Are Bulls confident enough at this price range to form a break out rally?

Will the market pullback near 0.055 forming a trading range sideways 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 06-20-22 00:33UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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