◘ Today formed a higher high Bull hammer that bounced above the 10ema (Yellow line) ◘ Bears scalped the Low 1 and failed to break below the prior low on Oct 30th ◘ Bulls may break out to a Head + Shoulders top over the next few days
◘ Bears may want to trap Bulls for a pullback to the 20ema 0.09879 and 2021January High ◘ Bulls may want a break out above the Nov 1st open 0.12685 to the 2022 open 0.1703 ◘ Traps are often formed by pressure from both sides from higher volume trading range
◘ The prior trading range lasted 131 days from the June double bottom reversal
What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 11-05-2022 _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.