DOGECOIN: Review + Close Of The Day
05-30-2022
15min chart
◘ Early low of the day into a double bottom for the bulls ◘ High 2 bull signal formed a gap between bull bars above the average ◘ Bull break out and rally for 2 legs up before falling into a trading range for about 14 hours
◘ Close of the day bulls break out and wedge for 3 to 4 legs up testing resistance near 0.09
◘ DOGE is last in performance compared to BTC, ETH, XRP, MANA, with ADA in the lead
DOGEUSDT 15minute chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts
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 ◘ Strong Bull Break Out testing resistance under the 20ema following a High 2 Bull Signal ◘ Good follow through buying closing near the high of the day
◘ Bull failed to close the moving average bear gap, but they are close
◘ Today's Bull scalpers may potentially start a trap for tomorrow's "buy the close" bulls ◘ Sell the Close + Sell the 20ema Bears risk a trap to get a 5 - 10% scalp ◘ Yesterday's sell the close Bears were trapped with an early low of the day
◘ DOGE performs in 3rd following ETH with BTC in 1st
DOGE YTD + Close up 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
05-31-2022 ◘ 15 minute Inverted bull bar with bears testing lower to the 20ema ◘ 5 minute Opening reversal bears form outside down inverted hammer above the 20ema ◘ 1 minute Opening bear gap with failed bull break out into outside down reversal for 2 legs
◘ Bear scalpers might want a test of the 20ema on the 15min chart near 0.087 ◘ DOGE is group with the lowest performers as MANA takes the lead
◘ DOGE 30min technical analysis is a "BUY 15, Neutral 8, Sell 3"
DOGEUSDT 15min, 5min, 1min 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 30min Technical Analysis Source: dcworldnews, tradingview charts
Are "Sell The Close" + "Sell Above The Moving Average" Bears in for more than a scalp?
Do Bulls follow through with a 20ema test above 0.0964 or scalp out before?
Will the market return to the trading range from a minor pullback continuing sideways to up?
What are your thoughts?
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by Digital Currency World News, dcworldnews.com
05-31-2022 00:52UTC
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#doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp
*This is not Trading Nor Financial Advice.