Dogecoin / TetherUSUpdated DOGE forming head and shoulder pattern.
Doge is forming a Head and Shoulder pattern. Beware of the breakdown in the neckline. According to the theory, if it will break the neckline, it may go down 60% from here.
Note
Market went 40% down after this analysis. It is still looking weak and it many continue downwards momentum.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.