DOGECOIN
10-17-2022
◘ 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?
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by Digital Currency World News, dcworldnews.com
10-18-2022
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*This is not Trading Nor Financial Advice.