[High speculation] Long Doge
Mis à jour
Hi everyone. I’ve received a demand to share my thought about Dogecoin and I’ve hesitate a lot before this. The main problem is I don’t want my followers to think that I’m encouraging investing in project that haven’t a good fundamental. So, I want to warn all of you: THIS IS HIGHLY SPECULATION AND NOTHING ELSE ! Don’t invest in it if you have a small cap and don’t put more than 10% if you have a bigger one.
Fundamental:
There’s nothing that can be put here as a real good argument for buying this coin, I mean nothing. But some mentions shouldn’t be forgotten:
But I can’t stress it enough, there’s many drawbacks that makes the idea of investing in Doge is more a meme than anything else (the biggest one: infinite supply).
Technical:
However (and fortunately for holders), the technical analysis is encouraging the long position. There’s two possibilities that may happen:
• Dark Blue: the price may bounce at 0.00000126 and goes directly 0.886 level (Fibonacci)
• Blue Blue: the price may go down to bounce in 0.00000108 forming a beautiful double bottom and then fire to the level 0.886 (Fibo) after breakout.
For selling strategy, I advice strongly to start selling just before 0.886 level (at the price 0.00000177) so you could have sold all of your cap at the level 0.886. Why 0.886? because there’s nothing that will help DogeCoin to make new hights (it mays but you would have increases the risks and I won’t help you).
Fundamental:
There’s nothing that can be put here as a real good argument for buying this coin, I mean nothing. But some mentions shouldn’t be forgotten:
- Doge have a great and friendly community
- Doge was created at 8 December 2013 and is still maintened
But I can’t stress it enough, there’s many drawbacks that makes the idea of investing in Doge is more a meme than anything else (the biggest one: infinite supply).
Technical:
However (and fortunately for holders), the technical analysis is encouraging the long position. There’s two possibilities that may happen:
• Dark Blue: the price may bounce at 0.00000126 and goes directly 0.886 level (Fibonacci)
• Blue Blue: the price may go down to bounce in 0.00000108 forming a beautiful double bottom and then fire to the level 0.886 (Fibo) after breakout.
For selling strategy, I advice strongly to start selling just before 0.886 level (at the price 0.00000177) so you could have sold all of your cap at the level 0.886. Why 0.886? because there’s nothing that will help DogeCoin to make new hights (it mays but you would have increases the risks and I won’t help you).
Note
Unfortunately, there was not enough steam to move the market as I've predicted. My opinion in the latest changes is to dump all your positons in Doge and take the loss.
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