DOGE very bearish - Overbought, over extended FIB, & No Elon
SUMMARY: Very bearish
-- Technical --
Overbought on the RSI
MACD 4H death cross
Descending triangle
The original shitcoin
-- Fundamentals --
Dogecoin has no development team maintaining the core infrastructure.
It has a super high inflation rate and will continue indefinitely into the future, not functional a a store of long term value.
Dogecoin is a classical "pump and dump" coin over the years
The Market Cap at $50bn is large than many international Banks, E.g. Barclays, 3/4 the value of Santander - not justified valuation.
Dogecoin is a highly manipulated crypto and it cannot maintain high valuations over long term. I am usually bullish but in this instant I am very wary; many people will lose a pretty penny investing into Doge.
$$$ Happy Bull Market & Alts season is here $$$
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think? Let me know below.
-- Technical --
Overbought on the RSI
MACD 4H death cross
Descending triangle
The original shitcoin
-- Fundamentals --
Dogecoin has no development team maintaining the core infrastructure.
It has a super high inflation rate and will continue indefinitely into the future, not functional a a store of long term value.
Dogecoin is a classical "pump and dump" coin over the years
The Market Cap at $50bn is large than many international Banks, E.g. Barclays, 3/4 the value of Santander - not justified valuation.
Dogecoin is a highly manipulated crypto and it cannot maintain high valuations over long term. I am usually bullish but in this instant I am very wary; many people will lose a pretty penny investing into Doge.
$$$ Happy Bull Market & Alts season is here $$$
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think? Let me know below.
Comment:
Fake out and crash. doge dived to 50c
Comment:
Comment:
Bottomed at $0.41
