DOGECOIN: Review + Close Of The Day
07-27-2022
15min chart
◘ Opening pullback to a trading range from inside the bottom of the wedge ◘ Bulls failed the 1st break out above the wedge then pulled back to the open of the day ◘ Bulls launched off from the open to high above the wedge
◘ Bulls continued for 2 - 3 legs up with strong buying
DOGEUSDT 15minute chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts
Daily Chart
◘ Doge reversed into a Bull hammer buy signal at the bottom of the wedge
◘ The market stayed in the point of the wedge for most of the day before the Bull break out ◘ Bulls form a strong break out bar closing at its high above the 20ema and July open ◘ Today had strong follow through buying after yesterday's bounce ◘ Strong closes in a trading range may be reversed more than following through ◘ Bars like yesterday and today may be good for the Bulls if in a Bull trend not trading range
DOGEUSDT Daily chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts
Do Bears short the strong Bull close betting a trading range?
Are Bulls positioning for a follow through break out above the July 20 High?
Will the Daily chart stay sideways till the close of July making a trading range for the month?
What are your thoughts?
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by Digital Currency World News, dcworldnews.com
07-28-2022 00:41 UTC
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#doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp
*This is not Trading Nor Financial Advice.