Double bottom or fake out

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Double bottom or fake outDogecoin / US DollarCOINBASE:DOGEUSDpaper_Trader1775Hopes of double bottom being formed from the 200 EMA(in orange), may evaporate if the 50 EMA(in blue) does not provide adequate support. Bulls need price and momentum to make Higher Highs from 0.23 area while bears want price to drop below 0.20.