DC Daily Report: Will The Inside Bear Doji Bar Bad Follow Through Bulls Set Up A Strong Short?
DOGECOIN: Review + Close Of The Day
◘ 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
◘ 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.