DOGE/USDT FOMO WarningAs most of you all have seen, DOGE has seen some crazy gains today and yesterday. I did predict some kind of gains earlier, but not to this extent!
This post serves as a warning for crypto investors: you missed the boat, move along. More opportunities will follow. Today's increase has been marked mostly by investors buying with large amounts of leverage, it will bite you in the back if you're trying to do the same now.
Most of DOGE's steep daily gains over the last few years have been a maximum of two to three days, followed by steep sell-offs. Learn from the past!
DOGE-USDT
DOGE/USDT Wedge Break-Out: Potential Strong Gains AheadDOGE has been following the wedge for a couple of weeks now. Today, it started moving upward through the upper trend line instead of touching the lower trend line again. With the recent interest in Crypto I wouldn't be surprised if we'd see more DOGE gains soon. After all, alts are left behind whilst Bitcoin is gaining value by the day.
I' ve marked two areas of resistance on the chart where I expect major selling pressure to occur, tread carefully around these areas since the price might drop sharply. Take care with your risk management.
DOGE/USDT Still Very BullishIn my previous post I argued that DOGE would see parabolic growth very soon because it broke out sharply from the rising channel. It happened, but sadly the price fell sharply after this week's BTC drop.
However, the intention of rising is still there. I'm not sure if we can see $0.005 anytime soon, but reaching the most recent two big resistances could be a very good possibility.
Happy trading!