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DC Report: Bull Trap Or Buy Setup?



◘ Today formed an Inverted Bear Hammer on the 3rd leg down after a 20ema test ◘ Tomorrow may have a higher chance to be a Bull day ◘ Today formed a type of setup that has occurred about 10 - 15 times throughout the year ◘ A Bull reversal bar follows this setup approx. 66% or 2/3 of the time

◘ 33% or 1/3 of the time a Bull Trap ◘ Sometimes the follow up is good, sometimes bad, sometimes trading range scalpers ◘ Bull target is the 20ema at 0.0607 - 0.062 ◘ Bear target is 0.05509 - 0.050 ◘ Today's volume was below average

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

Do Bulls buy the bounce up to the average?

Are Bears set to continue shorting an oversold market?

Will the market hold the trading range near the 30% line for the remainder of the month?

What are your thoughts? Watch DC Charts Live and Stay Tuned For The Next Report! _________________________________________________________________________ by Digital Currency World News, 10-15-2022 _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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