top of page

DC Report: Will "High 1" Bulls Scalp Or Hold The Average?



◘ Today formed a Bull break out bar closing near its high yet failed to test the 20ema ◘ Follow through Bulls may scalp tomorrow's test of the 20ema ◘ Opening Bulls may dash for today's high but may struggle to hold above the 20ema ◘ Bears may short the 20ema for a 4th leg down ◘ Therein may hold a trapping point forming a trading range ◘ Bulls want the 3rd bar in a row either at or above the moving aver closing near its high

◘ Bears want an inverted Bear hammer closing on its low reversing the Bull break out ◘ Both sides may be disappointed with pressure continuing sides along the same range ◘ Today is the 5th bar that had below the 20-day average volume

◘ Possible break out to or above the 20-day moving average volume within 4 days

DOGEUSDT Daily Chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, 10-18-2022 _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

3 views0 comments


bottom of page