DC Report: Will The Bears Scalp Or Hold?
15 Minute + 4 Hour Chart
◘ Today was approx. 80% trading range price action trending roughly 15% Bear and 5% Bull ◘ The day opened and closed with trading range price action ◘ Bears formed eleven 15-minute bars in a row for the 2nd sell off from the open of the day
◘ Bulls formed a 5-bar break out returning to the open then scalped out ◘ 4-hour chart shows 3 to 4 legs down with an extreme outside down exhaustive Bear bar ◘ The 4hr 50ema and 20ema near 0.105 may be ready to crossover
◘ Today formed a strong Bear bar that closed near the top of the broad bear channel ◘ The Bears 4th bar in a row tested the 50ema near 0.0777 after hovering at the 20ema ◘ Bears formed a strong 2nd leg down after the double top reversal
◘ Today complete a 51% pullback that Bears may scalp profits over 7-days ◘ Counter trend Bulls may be looking at trend line and EMA support level bounces for scalps ◘ EMA targets are 0.077, 0.098, and 0.105 with the trend line near 0.0846
◘ Trading Volume was $2.5B above the 20-day average
What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 11-09-2022 _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.