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DC Report: Will this O-i-i Pattern Lead To A Break Out?

DOGECOIN


March 7th, 2024


15 Minute Chart

◘ The market continued the trading range sideways out of the wedge

◘ The market oscillated around the 50% line in a trading range with minor reversal attempts


Daily Chart: Outside bar - inside bar- inside bar pattern forms break out mode

◘ Today is a DOJI bar, a near perfect trading range bar opening at 0.1580 closing at 0.1579

◘ Outside - inside - inside (o-i-i) pattern is a closing wedge forming break out mode

◘ Break out mode means that there may be a potential for tomorrow's doge price fluctuations to go either above today's high (0.1628) or below today's low (0.01466)

◘ Today started with a Bull gap above yesterday's close and kept it by the close of today

◘ Bears attempted a break out which failed and did not succeed in continuing a pullback ◘ Today is closing under the 50% line near the close of March 3rd's Bull hammer ◘ Today is a trading range day with lower volume than the previous day

◘ DOGE has been above the 20ema for 10-days

◘ The 20ema is 0.1237

What are your thoughts? _________________________________________________________________________ by Digital Currency World News, dcworldnews.com _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.

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