◘ Today formed an inside Bull bar closing at its mid point after testing the 20ema ◘ The market may be wedging into a trading range between the 20ema and the trend line ◘ Bulls had bad follow through buying after on Oct.17th and reversed into a Bear break out ◘ Bears had bad follow through shorts after Oct.19 form a failed 4th leg or higher low ◘ The current wedge converges at the end of the month ◘ 0.06168 is the open of the month
◘ Bulls want the break out up and above the October open as a sign of long-term strength ◘ Break out Bears may want more scalps than swing trades ◘ October has been sides to down with failed break outs in either direction
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
*This is not Trading Nor Financial Advice.