DC Weekly Report: Bear Inside Bar after exhaustion creates 50/50 chance for Bulls.
DOGE Weekly Chart
◘ Week 20 (WN20) formed a bear inside bar closing under its mid point
◘ WN19 is an exhaustive bear bar with large volume at the end of a trend
◘ The market is at support levels
◘ 50/50 chance for the Bulls to win Week 21 as calculated since 2013
◘ Bears may be less incline to short this low which may lead to Bears taking profit
◘ Bulls might scalp the 1st major break out or rally at 10 - 20%
◘ Bears may strongly sell for another leg down if Bulls step in
◘ The week may start Bullish but may stall near the high of last week near 0.09279
DOGEUSDT Weekly candlestick chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts
Who will win the week:
Do Bulls succeed in the 50/50 chance?
Will the bears trap Bulls for a larger swing down?
Is the Market going to continue sideways with an inside bar as a DOJI bar (†) ?
What are your thoughts?
by Digital Currency World News, dcworldnews.com
May 23, 2022 06:10UTC
*This is not Trading Nor Financial Advice. Just DOGE food for thought.