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