DOGECOIN (DOGEUSDT) Head & Shoulders, Potential Support @ $0.15
Updated
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After a huge run-up that have made millionaires and caused many bankruptcies, DOGECOIN seems to be forming a head and shoulders pattern on the daily timeframe, with price hugging the neckline. Should this neckline break, Dogecoin could likely go into free fall. The first potential level of support could be at $0.15-20 , and if that fails to hold, then dogecoin will likely trend towards zero, where it was before this whole pump cycle occurred. Be cautious.
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As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
After a huge run-up that have made millionaires and caused many bankruptcies, DOGECOIN seems to be forming a head and shoulders pattern on the daily timeframe, with price hugging the neckline. Should this neckline break, Dogecoin could likely go into free fall. The first potential level of support could be at $0.15-20 , and if that fails to hold, then dogecoin will likely trend towards zero, where it was before this whole pump cycle occurred. Be cautious.
Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Note
Broke down from head and shoulders and hitting 200Day MA support now.
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