The year of the Doge
Friday marks the beginning of the year of the dog in the Chinese calendar and you may ask yourself - is it time to buy some DOGE coin ?
Looking at the charts, this coin moves in cycles of around 9 months - this suggests we should still be downtrending. However - last 2 weeks brought an increase of 70%, which could be part of an ascending triangle formation
Perhaps people are anticipating the new wave of crypto disillusion and they believe all the latest media trends - this being one of them. A smart investor can take advantage of this and be on the look-out.
The rise in the last few days is not marked by one or two massive BUY orders but by a collective impulse and while I wouldn't buy on such a spike, I will consider the next dip after some short term technical analysis
Looking at the charts, this coin moves in cycles of around 9 months - this suggests we should still be downtrending. However - last 2 weeks brought an increase of 70%, which could be part of an ascending triangle formation
Perhaps people are anticipating the new wave of crypto disillusion and they believe all the latest media trends - this being one of them. A smart investor can take advantage of this and be on the look-out.
The rise in the last few days is not marked by one or two massive BUY orders but by a collective impulse and while I wouldn't buy on such a spike, I will consider the next dip after some short term technical analysis
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.