DOGECOIN: Review + Close Of The Day
◘ Opening Bull break out reverses at the 20ema into a break out bear trend ◘ Bears held and tested the gap under the 20ema for 3 - 5 legs down ◘ The market fell into a trading range till the close of the day
◘ Market cycle is Break out to a Channel to a Trading Range
◘ Bulls have support is near 0.05234
◘ Today formed a strong low 4 closing near its low
◘ Tomorrow may be a inside bull bar or bear hammer reversal bar ◘ Strong volume bear bar closing far under the 20ema at the end of a trend often reverses ◘ Bear scalpers may cause the reversal forming a trading range or break out bull trend ◘ Low of the day is 0.05234. Bears may want 0.05 even. Bulls may want a bear trap.
Do Bears push for a test of the 'All Time Market Average' of 0.03175604?
Will Bulls find the confidence to break out and trend more than ride bear scalpers buybacks?
What are your thoughts?
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by Digital Currency World News, dcworldnews.com
06-14-22 00:22 UTC
*This is not Trading Nor Financial Advice.