DOGECOIN
11-30-2022
Weekly Chart (Left) + Monthly Chart (Right)
Weekly Chart
◘ November opened with a quick test above and reversal down from the October High ◘ Bears formed an inverted Bear hammer Low 1 setup above the 20ema and BB high ◘ Bears followed through with a strong break out to the 20ema followed by a bear inside bar
◘ Bulls bought the bounce from the 20ema to the BB High then started taking profits ◘ BB High near 0.111, BB Low near 0.0379, 20ema near 0.083 ◘ Will the Weekly chart test the BB High before reversing to the 20ema?
Monthly Chart
◘ November formed a Bear trending trading range reversal bar closing under the 20ema ◘ There is a Bear set up, but the market is at support with Bulls ready to rally on good news ◘ Do December Bulls have the dedication rally above the November high to the 2022 open?
◘ Will Bears risk a trap shorting this low in the market based on margin calls or bad news? ◘ Bulls may want the year to end as a Bull hammer buy signal and reversal up from the low ◘ Bears may want to close under the 2022 open testing the Low of November and October
What are your thoughts?
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by Digital Currency World News, dcworldnews.com
12-1-2022
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*This is not Trading Nor Financial Advice.