DC Daily Report: Outside Down Bear Follow Thru Strong Enough To Break Under The Wedge Trading Range?
DOGECOIN: Review + Close Of The Day
◘ Tight trading range from the open for 9 hours ◘ Break out bull rally creates a high of the day, first week, and month of June at 0.08952 ◘ DOGE reversed into a lower high double top before failing to touch 0.09
◘ Bears short a strong first leg with 20ema gap ◘ Shorts under yesterday's low went 2 to 3 legs down before exhausting on the 4th
◘ The exhaustion formed a big break out bar then a bear hammer.
◘ Break out bull rallied up and sideways for 2 legs to the 20ema before a pause
◘ DOGE is performing in 2nd place under BTC while ADA took the hardest hit to last place
Daily Chart ◘ Outside down bear bar closing under its mid point after testing the 20ema ◘ Good follow through bears with above average volume into a higher low above May 26 ◘ DOGE returned to the trading range after a failed bull break out test above ◘ Bulls scalped the 20ema while bears stepped in for a short to the middle of the range
◘ 21 days long in the trading range
◘ DOGE is 4th in performance under XRP then ETH with BTC in the lead
◘ 15min Bar 1 strong opening short bear bar closing under its mid point
◘ 15min Bar 2 Bull Hammer Reversal Bar closing near its high with just above avg. volume ◘ 5min 5 break out bear trend bars with scalps and above avg. volume to 1 Bull bar ◘ 1min Bar 1 Inverted bear hammer short signal
◘ 1min Bar 2 Bear gap and bear break out bar closing near its low
◘ 1min Bars 3 - 20 Choppy Break outs, scalps, sideways to the 20ema above avg. volume ◘ 1min Bar 21 Break out bull 20ema test
◘ 1min Bar 22 Bear reversal at the 20ema strong bear break out closing on its low
◘ 1min Bar 23 Strong Bear follow through forming a lower low
◘ 1min Bar 24 Bull hammer reversal bar with scalps
◘ 1min Bar 25 Bull gap opens scalping bar24 high held the Bull gap
◘ 1min Bar 26 Strong Bull break out above the 20ema with scalps closing in the mid point
◘ 1min Bar 27 Open Bull follow through to close under the 20ema as an inside bar
◘ 1min Bar 28 Bull break out and close above the 20ema
◘ 1min Bar 29 Bull Break out into double top ◘ DOGE falls 2nd to last performer on the 1 min chart
◘ The 30min Technical Analysis is a "Sell 15, Neutral 10, Buy 1"
Will the market continue the wedge trading range under the moving average absorbing break out attempts What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-02-2022 00:44UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.