top of page

DC Report: Will The 2x Bull Break Out To The Bollinger Band High And Back Again Bring Out The Bears?



Daily Chart

◘ The 1st nine days of the new year have formed a 2x measured move from a minor double bottom ◘ Today's Bulls mustered a break out through the 20ema testing the Bollinger Band High before closing below its midpoint ◘ Bears may see the 1st close above the 20ema as a opportunity to short to below the 20ema forming a sell signal

◘ Bulls may want a continued break out but lack commitment after a choppy higher low double bottom ◘ The pull back from today's high may indicate Bull scalpers taking profits which may reduce the Bulls chances of a break out ◘ The close above the 20ema may reduce the Bears chances of a break out

What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, _________________________________________________________________________ #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