◘ Today formed a strong Bear bar closing below it's mid point after yesterday's sell signal ◘ The Bears reversed the Bull Break Out attempt and may look to break out to lower prices ◘ Tomorrow's Bear scalpers may look to take profit at the low of Oct 11th, 13th & 15th
◘ The bottom of the Bull trend line is near 0.058 and is just under today's low ◘ Bulls want an Inverted Head and Shoulders or Double Bottom in the 3rd to 4th leg down ◘ Bears want a lower low 4th and 5th leg with a pause for profits
◘ Bull scalpers want a 4 to 5% break out to the 20ema ◘ Swing bulls that are patient are waiting to see a High 2 Buy signal ◘ Today's scales close to the 20-day average volume and may be considered a break out
DOGEUSDT Daily Chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts
What are your thoughts?
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by Digital Currency World News, dcworldnews.com
*This is not Trading Nor Financial Advice.