DC Report: Break Above. Break Out Below. Trading Range Here We Go?

DOGECOIN

08-024-2022

Daily Chart

◘ The market has been in a trading range for 71 days since the June 14th reversal

◘ The Aug.16th Bull break out failed to hold above the trading range

◘ Aug.17th strong inside Bear bar signals reversal near the June 6th sell signal price

◘ 2 strong Bear break out bars pull back to the middle of the trading range

◘ Partial Bear scalps pauses the market min a 5 day flag

◘ So far, major break outs in either direction reverse back into the middle of the trading range

◘ Weekly chart shows 4 weak Bull attempts then a reversal by the Bears

◘ Monthly chart indicates a potential wedge break out point

DOGEUSDT Daily chart, trend lines Source: dcworldnews, tradingview charts

DOGEUSDT Weekly chart, trend lines Source: dcworldnews, tradingview charts

DOGEUSDT Monthly chart, 20ema, trend lines Source: dcworldnews, tradingview charts

Do Bulls have the strength break out and rally above the 3 month trading range?

Are Bears risk on to short this low under the monthly 20 ema?

Will continue sideways for the rest of the month?

What are your thoughts?

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by Digital Currency World News, dcworldnews.com

08-25-2022

_________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp*This is not Trading Nor Financial Advice.