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DC Daily Report: Will Today's Inside Bull Bar Prevent Tomorrow's Possible Bear Push?

DOGECOIN: Review + Close Of The Day

06-02-2022


15min chart

◘ DOGE moved sideways to up with failed break outs in both directions, average volume ◘ The Market lifted the 20ema rallied almost 50% from the low of the break out ◘ Close of the day formed a double top above the 20ema ◘ DOGE performs in 4th place under MANA with ADA in the lead

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

DOGEUSDT July 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

◘ Inside Bull Bar attempting to stay in the middle of the wedge trading range, avg. volume ◘ DOGE grouped for 3rd with XRP under ETH having BTC in the lead

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


DOGECOIN Open Of The Day

06-03-2022 ◘ 15min: Sell to the moving average into a trading range ◘ 5min: Sideways double bottom moving average test follow through Bear shorts ◘ 1min: Bar 1 - 3 Strong bear break out from the 20ema forming gaps

◘ 1min: Bar 4 Strong Bull Hammer Reversal

◘ 1min: Bar 5 Inside Bear bar failed bull break out

◘ 1min: Bar 6 Strong Bull break out to just under the moving 20ema

◘ 1min: Bar 7 Bull scalpers Bears short the 20ema small inside bear signal

◘ 1min: Bar 8 Immediate Bear follow through then trading range close

◘ 1min: Bar 9 Opens with a gap under bar 7 close Bulls test up bears short to trading range

◘ 1min: Bar 10 Strong Bear break out closing near it's low far under the 20ema

◘ 1min: Bar 11 Buy backs Bull reversal double bottom inside bar

◘ 1min: Bar 12 Small inside Bear hammer bar

◘ 1min: Bar 13 Strong Bear break out lower low under double bottom

◘ 1min: Bar 14 Bear follow through turns reversal bar minor Bull hammer

◘ 1min: Bar 15 Bear scalps and Bull follow through Longs attempting to close the bear gap

◘ 1min: Bar 16 Strong Bear break out bar testing a micro double bottom

◘ 1min: Bar 17 Strong Bull reversal inside bar struggles to turn break out bar

◘ 1min: Bar 18 Strong Bull break out test above of the 20ema closes near its high

◘ 1min: Bar 19 Inside Bear reversal above the 20ema signal short

◘ 1min: Bar 20 Strong Bull break out closing above the open of the day

◘ 1min: Bar 21 Bear inside reversal bar

◘ 1min: Bar 22 Bulls Long under the open and above the 20ema scalp

◘ 1min: Bar 23 Bears immediate gap test under the 20ema to a break out Bull bar turn DOJI

◘ 1min: Bar 24 Bull break out attempt reverse to the 20ema as an inverted hammer

◘ 1min: Bar 25 Bear break out under the 20ema after weak bear signal

◘ 1min: Bar 26 Weak Bear follow through turns trading range bar

◘ 1min: Bar 27 Bulls attempt Long at higher low are trapped by strong Bear break out

◘ 1min: Bar 28 Bulls failed to close opening gap turn Bear new lower low of the day

◘ 1min: Bar 29 Bull attempt to close the gap have Bull bar closing high

◘ 1min: Bar 30 Bull follow through testing the 20ema

◘ DOGE in 4th place under ADA, ETH then BTC in the lead

◘ 30min Technical Analysis is "Neutral 11, Buy 9, Sell 7"

DOGEUSDT 1min, 5min, 15min chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts

DOGEUSDT 1 minute line chart, performance comparison with BTC, ETH, ADA, XRP, MANA Source: dcworldnews, tradingview charts

DOGEUSDT 30min Technical Analysis Source: dcworldnews, tradingview charts


Do Bears form a strong break out short under the wedge after a weak inside Bull bar? Are Bulls holding for a scalp at the top of the wedge?

Will the market continue to draw the price action into the wedge for a few more days? What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 06-03-2022 00:43UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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