My Thoughts on Doge 5/12/2021
I expect 3 ways for Doge to follow,
1. It somehow manages to break above the 0.55 level in couple days, which will make it bullish than it gains more hype and eventually it rises to Fib levels 0.90. ( but I don't find this realistic at all )
2. Doge goes into consolidation state, it stays somewhere near the bottom of the box ( box is not that accurately drawn ) and goes sideways until it eventually starts to rise again for a big bullish movement. With the divergence in RSI, I find this movement very likely to happen. And this is the same formation it made before the big pump around March. If this is the case than it means doge has much more potential than just 0.7 imo.
3. Doge goes down drastically instead of moving sideways and it loses hype, everybody takes out their money in a panic than Dogecoin becomes officially dead. ( Nah doge still has potential )
Next week doge's destiny will be much more clear. I think probably just going to consolidate for one or two week. Doge has grown so big that I don't even think it could be worthless as people say all around.
Not an advice at all, I'm just trying to predict the movement of Doge for myself.
1. It somehow manages to break above the 0.55 level in couple days, which will make it bullish than it gains more hype and eventually it rises to Fib levels 0.90. ( but I don't find this realistic at all )
2. Doge goes into consolidation state, it stays somewhere near the bottom of the box ( box is not that accurately drawn ) and goes sideways until it eventually starts to rise again for a big bullish movement. With the divergence in RSI, I find this movement very likely to happen. And this is the same formation it made before the big pump around March. If this is the case than it means doge has much more potential than just 0.7 imo.
3. Doge goes down drastically instead of moving sideways and it loses hype, everybody takes out their money in a panic than Dogecoin becomes officially dead. ( Nah doge still has potential )
Next week doge's destiny will be much more clear. I think probably just going to consolidate for one or two week. Doge has grown so big that I don't even think it could be worthless as people say all around.
Not an advice at all, I'm just trying to predict the movement of Doge for myself.
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