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DC Daily Report: Will The 20ema Gap Test Setup A Strong Bear Short Or Bull Follow Through?

DOGECOIN: Review + Close Of The Day

xx-xx-2022


15min chart

◘ Bears opening selloff to the 20ema turns wedge trading range ◘ Bulls break out and rally for 3 - 5 legs from a higher low double bottom ◘ Bulls exhaustion from a double top

◘ Bears short the reversal into a trading range around the 20ema till the close of the day ◘ DOGE strongly outperformed all others in compared performance on the 15min. line chart



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

◘ Today formed a Bull break out test of the 20ema gaining 9.63%

◘ Follow through Bulls scalped the 20ema into an inverted Bull hammer ◘ Bulls close the day above its midpoint under the 20ema ◘ Bears may look to short the 20ema gap test for a scalp ◘ Bulls may want a follow through break out and rally Bear trap ◘ DOGE jumped into 3rd in compared performance on the YTD Daily chart


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, MANA Source: dcworldnews, tradingview charts


Do Bears form a 20ema gap sell test to 0.58? Are Bulls trapping Bears for a break out test up?

Will the market hold in a trading range along the 20ema forming an inside bar?

What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-21-22 00:38UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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1 Comment


Looks like sideways to down trend after the big push up. I would prefer to see a gradual increase up instead of big spikes that normally get reversed.

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