top of page

DC Report: Are Bears Taking Profits In An Oversold Doge Market?

DOGECOIN


10-16-2022

◘ Today formed a weak inside Bull bar under the 20ema after 3 legs down for the Bears ◘ Tomorrow's Bulls may rally and test the 20ema near 0.06056 ◘ 2 to 3 Bull Bars in a row closing near their highs is an indication of a Bull trend resumption ◘ Bears may look to trap Bulls for a 4th leg down and measured move test near 0.05509


Daily Chart

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

DOGE Weekly (Left) + Monthly (Right)

DOGEUSDT Weekly + Monthly Chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts

◘ The Weekly chart has consolidated to the 2021 January thru April trading range prices ◘ The Bear trend has transitioned into a trading range under the 20ema

◘ April2021's open for the extreme Bull break out seems to be holding for now ◘ Monthly Bears want to test close the gap formed by the Jan2021 Bull break out from 0.004 ◘ Monthly Bears have 3 legs down with a failed 4th and attempting a 5th under the 20ema

What are your thoughts? Watch DC Charts Live and Stay Tuned! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 10-17-2022 _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

5 views0 comments

Comments


bottom of page