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DC Report: Extreme Outside Down Bear Bar After Extreme 8-Day Break Out Bull Rally!

DOGECOIN


March 5th, 2023


Daily Chart

◘ The high of the day at 0.2069 failed to test the 0.2150 Jan 2022 high

◘ Doge formed a pullback reversing 38.38% from the High to Low of 0.1275

◘ The market rallied 20.71% from the low of 0.1275 to close at 0.01539

◘ Doge closed -15.25% down from yesterday's Bull bar closing at the 8-day high

◘ The Daily 20ema is at 0.1167


Monthly Chart


◘ March's early extreme break out pulls back to the High of 2023

◘ The Monthly 20ema is at 0.949


Weekly Chart


◘ March Week 1 is currently a large trading range bar, but the week is still early on.

◘ The Weekly 20ema is at 0.0939




1 Hour Intraday Chart


◘ Final break out above the bull channel reverses to a lower high double top

◘ Strong Short from above the moving average forms a Leg 1 for the bears

◘ Bears Leg 1 reversed the March 3rd break out Bull channel point before the buy back

◘ Bulls rally from the low under the moving average

◘ The 20ema is above at 0.1649



15 Minute Intraday Chart

◘ A higher low double bottom forms after the break out bear channel

◘ The bulls test the 20ema then form a trading range



What are your thoughts? _________________________________________________________________________ by Digital Currency World News, dcworldnews.com _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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