DOGECOIN
10-21-2022
◘ Intraday opened with a wedge trading range that fell into a sell off that lasted for 12 hours ◘ Bear channel exhausted into a lower low break out and reversal for the Bulls ◘ Break out Bulls scalped and rallied back up to the open of the day over 12 hours ◘ Today formed a higher low failed break out and reversal or simply, a Bear hammer ◘ The close is in the middle of the wedge between the Bull trend line and the 20ema ◘ Bulls may likely scalp a break out to the 20ema
◘ Bears may go short at or just above the moving average in exchange with the Bulls ◘ The wedge seems to be tightening and converges near the end of the month ◘ Today's volume is below the 20-day moving average for the 16th consecutive day
DOGEUSDT 15 Minute Chart
DOGEUSDT 15 Minute Chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts
DOGEUSDT Daily Chart
DOGEUSDT Daily Chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts
DOGEUSDT Daily Chart: Wedge Trading Range Converging End Of October (Close Up)
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
10-22-2022
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*This is not Trading Nor Financial Advice.