Buying DOGE is very Risky
DOGE is trying to break the rectangle inside which it is ranging for weeks now (23-30 sat). When loooking at the weekly chart, we notice:
1- DOGE is downtrending,
2- the oscillator shows an oversold situation,
3- DOGE evolve inside a funnel (sign of a probable breakout),
4- for the breakout to be confirm, volumes have to be high which is not the case here.
All these make me say that there is a high probability that DOGE will not continu its downtrend move.
Let's be patient with DOGE!!
1- DOGE is downtrending,
2- the oscillator shows an oversold situation,
3- DOGE evolve inside a funnel (sign of a probable breakout),
4- for the breakout to be confirm, volumes have to be high which is not the case here.
All these make me say that there is a high probability that DOGE will not continu its downtrend move.
Let's be patient with DOGE!!
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