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DC Daily Report: Will Today's Bull Hammer Bring A Bull Break Out?

DOGECOIN: Review + Close Of The Day

06-04-2022


15min chart

◘ Sharp sell off at the open reversed into a break out bull trend for 2 legs ◘ 2nd leg bull trap turns pullback sideways to down testing the open

◘ failed break out attempts formed a trading range with some up and some down ◘ Micro double bottom under the open turns Bull break out for the close

DOGEUSDT 15minute chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts


Daily Chart

◘ Today formed a Bull hammer closing above it's mid point and yesterday's close

◘ Bulls bought near 0.05 for a 10 - 17% scalp ◘ Low of the day at 0.04978 ◘ The market has closed the support gap from the April 2021 break out. ◘ The January support gap from 0.0007 to 0.04133 is still open

DOGEUSDT Daily chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts

Do Bulls continue forming break outs, trends and scalps in the coming days? Are Bears setting up a Bull trap or is the market too low for bears to short?

What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-15-22 02:30UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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