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DC Daily Report: Will The Inside Bear Doji Bar Bad Follow Through Bulls Set Up A Strong Short?

DOGECOIN: Review + Close Of The Day

06-20-2022


15min chart

◘ Break out Bear trend at the open turns double bottom reversal ◘ Bulls break out and rally into a 2nd leg trap into a lower high double top ◘ Bears test the bottom of the Bull channel and reverse sideways to up

◘ Bulls tests the open of the day and sell off during the closing 2 bars of the day ◘ DOGE is 4th 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 an inside Bear Doji trading range bar closing above its midpoint

◘ Bad follow through Bulls after a double bottom may increase chances of sideways ◘ Bears may look to break out short under the inside bear bar to 0.055 ◘ DOGE remains a close 4th in compared performance on the YTD Daily Line 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 short the inside bear bar for a measure move down to lower prices? Are Double Bottom Bulls setting up a Bear trap for a break out rally up to the 20ema?

Will the market test the middle of the 7 day trading range?

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 00:57UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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