DOGECOIN: Review + Close Of The Day
05-31-2022
15min chart
◘ Opening double top reversal for 3 to 4 bear legs before an exhaustive bear push ◘ Bears scalped the low ◘ Bulls break out from below and to the 20ema
◘ Trading range for the close of the day
◘ DOGE and ETH are the lowest performers of the day with ADA as the best
DOGEUSDT 15minute chart, 20 Exponential Moving Average, Volume Bars Source: dcworldnews, tradingview charts
DOGE 15minute line chart, performance comparison with BTC, ETH, ADA, XRP, MANA Source: dcworldnews, tradingview charts
Daily Chart ◘ Today's Bear inside bar lower high double top might be a Bear signal for tomorrow ◘ Bulls failed to touch the moving average after yesterday's strong Bull bar ◘ Closing above the mid point with average volume as a bear hammer after a bear scalp
◘ The 20ema often acts as a magnet or draw to the bar from the gravity of price action ◘ The Daily chart is still inside of the trading range from 05/12/22
◘ DOGE is grouped in the middle for performance with ADA quickly climbing up
DOGEUSDT Daily chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts
DOGEUSDT Daily line chart, performance comparison with BTC, ETH, ADA, XRP, MANA Source: dcworldnews, tradingview charts
Will there be follow through shorts to close the after today's Bear scalp?
Do Bulls see the Bear hammer as a weak short enough to break out test above the 20ema?
Inside Bars often have break outs the following day. Which is closer, Today's High and 20ema or Low and trading range?
What are your thoughts?
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by Digital Currency World News, dcworldnews.com
06-01-2022 00:00UTC
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#doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp
*This is not Trading Nor Financial Advice.
Thank you.