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DC Report: Break Out Bull Rally Or 2nd Leg Bull Trap?

DOGECOIN


11-25-2022

Daily Chart

◘ Today formed a strong Bull bar closing near its high just above the 20ema ◘ The 20ema has been tested with No successful break out and hold for 17days ◘ Tomorrow will more likely pull back to test the 20ema near 0.086

◘ Tomorrow may be an inside bear bar sell signal IF Tomorrow fails to pass Today's high ◘ Bears risk a trap at the open of the day for a scalp to or below the 20ema ◘ Bulls risk a 2nd leg trap after a strong close above the 20ema and may begin taking profits

◘ $0.07 is near the Bollinger Bands Low (Support)

◘ $0.10 is near the Bollinger Bands (Resistance ◘ Midline of the YTD Regression Channel is near $0.05, high near $0.148, low near 0.001

◘ Average volume is a plus with a break out after 17days of below average volume

◘ $0.12685 is the Open of November and may act as a magnet for Bulls wanting the close

What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 11-25-2022 _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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