DOGE trapped under massive resistance
Not financial advice:
DOGE is trapped under a plethora of strong resistances that never really served as solid support. In addition, it keeps being rejected by the 20DMA (Orange middle band in Bollinger channel).
Many analysts would tell you that it is going to break out of this structure and pump to the upside. Unfortunately, this huge descending triangle is a bearish structure. If you have been in crypto for at least 4 years or more, it is obvious that this is a bad buy.
DOGE is trapped under a plethora of strong resistances that never really served as solid support. In addition, it keeps being rejected by the 20DMA (Orange middle band in Bollinger channel).
Many analysts would tell you that it is going to break out of this structure and pump to the upside. Unfortunately, this huge descending triangle is a bearish structure. If you have been in crypto for at least 4 years or more, it is obvious that this is a bad buy.
Kommentera:
Also, buying an altcoin called DOGECOIN should be on very low on a whales to-do-list when there is threat of a WW3.