DOGE/USD - Fake-out or what is this? Doge looks weak.
DOGE is stuck in a no trend scenario for a few days now and we seem to have no conviction in price action. On the contrary, on Daily timeframe Doge is starting to look... bearish!
MACD moving averages did a bearish cross and the histogram ticked on the negative side... this does not inspire confidence when other alts are pumping +20% today.
In the best case scenario, Doge is consolidating in this range and then Elon Musk will tweet about dogs on the moon at which point doge will pump 20%, that would be a nice boost.
Until then, I recommend you stay away from Doge. There is no party here, the dog has a hangover from that pump to $0.40. Better look into SRM, that is more exciting right now (my idea below).
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MACD moving averages did a bearish cross and the histogram ticked on the negative side... this does not inspire confidence when other alts are pumping +20% today.
In the best case scenario, Doge is consolidating in this range and then Elon Musk will tweet about dogs on the moon at which point doge will pump 20%, that would be a nice boost.
Until then, I recommend you stay away from Doge. There is no party here, the dog has a hangover from that pump to $0.40. Better look into SRM, that is more exciting right now (my idea below).
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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