DC Report: Will The Bear Pullback From The Double Top Head To A 2nd Leg Down Or Do Bulls Bounce up?

DOGECOIN

12-09-2022

Daily Chart

◘ Doge has formed a higher high double top from the BB Hi into a pullback to the 20ema ◘ Bears formed 3 bars in the pullback to the average before a pause ◘ Bulls scalped the buy from the 20ema with bad follow through the day after

◘ Bears close today above the 20ema as a potential 2nd leg down to support near 0.085 ◘ Bulls may look for a failed 2nd leg down into a trading range for a strategy up to the BB Hi ◘ 0.1125 BB Hi, 0.0969 BB Lo, 0.0769, 0.0962.

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