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, dcworldnews.com 10-15-2022 _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.