perfect chart analysis I've had on doge over the past posts... Doge needs to get a development team that make doge a better investment.. Currently as stated in my previous post its a leaking coin that has to much payout and not enough funding. If the Development team can decrease the leaking by fixing it up and more powerfunding we might we a stronger...
By the looks of this head and shoulder pattern Doge had a Rocket launch attempt that then lead to a small Downtrend... Then Doge had another attempt at rocket launch and it then price action has not made the top of the main peak...
For Doge to lift off doge needs a lot of updates...
First one starts with less payout for the value of the coin This means Fixing...
By the looks of this chart, its presenting a bullish Bat pattern in a Bear run!
If by any means this happens.. I think the trend will reset to the downside once the target at price action .888 is accomplished.
As by my preivious post I'm still very Bearish on Doge as a whole.. It needs less drip and more funding with updates to its mainframe to become a coin of...
Doge is having some trouble by the looks of the graph keeping people interested in the coin... So far we have see the market move to the downside quite fast... My guess is we might see a dogecoin worth .03 cents if things keep going downhill from here.
As spring is here Doge has progressed to become one of the most valuable crypto currency's on earth today
From its leverage I would not be suggestive to see a downtrend start to uphold the value of the currency.
But honestly I don't think Doge will have a transaction value over the cost of 1 dollar... If it sees a dollar... Think of how much 66 billion is to be...
I think price action will fall down to the lower structure level before testing its boundaries there for a uptrend again or to fall down..
I am bearish on this coin because i think its overvalued.
I'm not a profitable trader so don't take my advice. I really am not good at trading at all. I.E negative portfolio in the past.
Make sure you use proper risk...
