DOGECOIN
2021 - 2022
Weekly and Monthly Chart
Monthly Chart
◘ 2022 sold off from the 2021 Bull break out forming an inside Bear bar closing near its Low ◘ The 2022 low fell into a trading range after reversing the April 2021 extreme Bull break out ◘ Doge traded sideways from a major section of the Bear channel forming in a double bottom
◘ Bulls traded up to the 20ema testing the 2022 open before scalping out in a reversal ◘ Bears closed the year with to a higher low double bottom under the 20ema ◘ Bulls are attempting to muster control with an new year opening of a 5.5% gain
◘ Yearly Bear Target is below the 2022 Low at 0.0491
◘ Yearly Bull Target is above the 2022 high at 0.215
◘ January Bull target is above 0.1118
◘ January bear target is below 0.055
◘ The monthly 20ema is near 0.107 and will be more likely be tested over the next 3 - 6 bars
◘ Bollinger Band High is at 0.2873
What are your thoughts?
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by Digital Currency World News, dcworldnews.com
01-05-2022
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*This is not Trading Nor Financial Advice.