DOGE RALLY IS OVER Multi Year Correction/Consolidation Coming

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Dogecoin (BINANCE:DOGEUSD)

Updated

BINANCE:DOGEUSD Dogecoin

trendanalysis chartpattern indicator doge doggycoin shib btc eth ltc mana meme downtrend

DOGE was fun if you knew how to trade it. The run and hype is over. The retail FOMO investors that completed wave 5 blow off top are the only ones holding the bags now. Indicators are showing real weakness and heavy selling pressure. The symmetrical triangle in a downtrend means continuation to the downside. Not financial advice. Have fun and don't lose your shirt.

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Doge has played out the move as I predicted back in November 2021 when I made this chart. Press the play button on the chart screen and it will fill in the chart to current day. DOGE may pop here and do a quick 3x. Similar to Luna Classic. I don't know the future for DOGE but don't forget DOGE has no cap on coin supply. Its not very attractive to investors. The Doge hype is over I believe. Doesn't mean Doge wont go up but I don't think it will be anything spectacular. Next bull run it probably wont break the previous high. At these lows those its a nice time to try for a quick 3x and then sell and get into something with utility. This next bull run will be all about utility and real world use case, not hype and meme. This is not financial advice this is just my opinion. Thank you

Comment:

DOGE Dogecoin May Be In For A Deeper Correction

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Click the chart itll bring you to the new analysis I just did.

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I just noticed that the original chart on this Idea from back on November 1st 2021 looks almost the same as this one just on a lower time frame.

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