DC Daily Report: Will Today's Bear Inside Bar Setup A Strong Short Or Bull Break Out?
DOGECOIN: Review + Close Of The Day
◘ Strong short at the open with 20ema tests for 3 - 5 legs with exhaustion ◘ Bulls rally above the 50% line into a reversal back into the trading range ◘ Disappointed Bulls and Bears failed break outs in both directions
◘ The majority of the day traded under the 20ema ◘ DOGE is 5th in compared performance on the 15 minute 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 a Bear inside bar pullback from the 20ema -6.31% closing near its low
◘ Bears shorted the 20ema gap test for a possible pullback to 50% high to low of last 4 days ◘ Higher low bounce point may be near 0.059 if Bears scalp out ◘ Tomorrow's Bulls may want an opening trap and push above the 20ema ◘ Bears may want a break out to a lower low under he last several days ◘ DOGE is 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 Bulls trap Bears with a break out and rally above the 20ema? Are Bears set up for a strong short under Today's low?
Will the market find a trading range and bouncing point between 0.055 and 0.06?
What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-22-22 00:10UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.