DOGE/USDT - Week 50 - DO(d)GE the Tweets!
Hello fellow traders,
Today I'm gonna do a short-term analysis on Doge coin. As you may already now, Elon, the foster father of Doge put a tweet out earlier in which he said that: "Tesla will make some merch buyable with Doge & see how it goes". Of course the market reacted in a bullish manner, but will this last? I don't think so. Why would Elon say that and not use Doge by buying it a cheaper price? My guess is that we are making a "nice" bull trap and that the price will fall below the $0.1315 low.
From a technical perspective, based on Wave Analysis, this bullish impulse that occurred today completed a corrective pattern that will increase the bearish momentum in the short-term.
So, "Dogers", keep an eye on the price after we break the previous low, and possibly reach the weekly liquidity pool highlighted on the chart, as we may get a nice investment opportunity and buy at the same time with Elon. 😊🚀
Trade with care.
Best regards,
Alex A.
Disclaimer: Not financial advice & always do your own research.
Today I'm gonna do a short-term analysis on Doge coin. As you may already now, Elon, the foster father of Doge put a tweet out earlier in which he said that: "Tesla will make some merch buyable with Doge & see how it goes". Of course the market reacted in a bullish manner, but will this last? I don't think so. Why would Elon say that and not use Doge by buying it a cheaper price? My guess is that we are making a "nice" bull trap and that the price will fall below the $0.1315 low.
From a technical perspective, based on Wave Analysis, this bullish impulse that occurred today completed a corrective pattern that will increase the bearish momentum in the short-term.
So, "Dogers", keep an eye on the price after we break the previous low, and possibly reach the weekly liquidity pool highlighted on the chart, as we may get a nice investment opportunity and buy at the same time with Elon. 😊🚀
Trade with care.
Best regards,
Alex A.
Disclaimer: Not financial advice & always do your own research.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.