DC Weekly Report: Are Bears Losing Their Bite After Support Test?

DOGECOIN: Review + Close Of The Week

Week #21

Pic1 ◘ This week formed a higher low with a lower consecutive close ◘ Bears have a small pause after testing support ◘ It has been 4 weeks since a 20ema test and 29 weeks for a close above

◘ The market is in a tight bear channel under the 20ema after a break out from a wedge ◘ Bears may be exhausted after the support test ◘ The best the bulls may get is a trading range with scalps

Pic2 ◘ DOGE is outperforming BTC, ETH, XRP, ADA with MANA as a closer 2nd

◘ XRP has the lowest performance in the group since 2021

Pic3 ◘ Technical analysis for the close of Week 21 is a "Sell 14, Neutral 8, Buy 4"

DOGEUSDT Weekly chart, 20 Exponential Moving Average, Volume Bars, Trend Lines Source: dcworldnews, tradingview charts

DOGEUSDT Weeklyline chart, performance comparison with BTC, ETH, ADA, XRP Source: dcworldnews, tradingview charts

DOGEUSDT Weekly Technical Analysis Source: dcworldnews, tradingview charts Will Bears short this far below the 20ema into trapping territory? Are Bull scalpers ready for a buy back reversal and rally above the week 21 high?

Does the below average volume keep the week moving sideways testing both the low and high of week 21? What are your thoughts? Watch DC Charts Live and Stay Tuned For Tomorrow's Report! _________________________________________________________________________ by Digital Currency World News, dcworldnews.com 05-30-2022 01:29UTC _________________________________________________________________________ #doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp *This is not Trading Nor Financial Advice.