DC Daily Report: Will Bad Follow Through Bulls Tempt The Bears?
DOGECOIN: Review + Close Of The Day
◘ Today could not escape the wake of yesterdays extreme bull break out
◘ DOGE was in a series of trading ranges around the 20ema
◘ 3.21% from low to high with below average volume ◘ Trending trading range for the first 12 hours of the day
◘ Bears attempt 2 break outs and fail ◘ Failed higher low bull break out
◘ Tight trading range till the close of the day
◘ DOGE was the lowest performer when compared to BTC, ETH, XRP, ADA
◘ ETH was the best performer in the comparison
DOGEUSDT 15minute chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts
DOGEUSDT 15minute chart with bull break out, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts
DOGEUSDT 15minute line chart, performance comparison with BTC, ETH, ADA, XRP Source: dcworldnews, tradingview charts
Daily Chart ◘ Inside Bull Doji Trading Range Bar closing near it's mid point ◘ Bad follow through Bulls after yesterday's break out
◘ DOGE remains in the trading range after 17 days ◘ The strategy for May 12 - Today (17days) looks very similar to Feb 24 - March 15 (20days) ◘ Both have an inverted bull hammer after a bear flag following an exhaustive bear bar
◘ Both inverted hammers have bad follow through Buying
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 Source: dcworldnews, tradingview charts
DOGECOIN Open Of The Day
15 - 5 - 1min. Charts
◘ 15min Bulls attempt to command the open with minor action above the moving average ◘ 5min over lapping bars just above the moving average with trading range price action ◘ 1min Bull break outs with scalps retest the open struggle to hold above position
◘ 15min technical analysis is a "Buy 13 - Neutral 10 - Sell 3"
DOGEUSDT 15min, 5min, 1min chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts
DOGEUSDT 15min Technical Analysis Source: dcworldnews, tradingview charts Are Bulls positioning a break out attempt to close the Bear gap? Is bad follow through buying enough for Bears to risk a trap shorting this low or lower?
Will Doge stay sideways for a few more days? What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 05-29-2022 00:35 UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.