DOGE very bearish - Overbought, over extended FIB, & No Elon

SUMMARY: Very bearish

-- Technical --

Overbought on the RSI
MACD 4H death cross
Descending triangle

The original shitcoin

-- Fundamentals --

Dogecoin has no development team maintaining the core infrastructure.

It has a super high inflation rate and will continue indefinitely into the future, not functional a a store of long term value.

Dogecoin is a classical "pump and dump" coin over the years

The Market Cap at $50bn is large than many international Banks, E.g. Barclays, 3/4 the value of Santander - not justified valuation.

Dogecoin is a highly manipulated crypto and it cannot maintain high valuations over long term. I am usually bullish but in this instant I am very wary; many people will lose a pretty penny investing into Doge.


$$$ Happy Bull Market & Alts season is here $$$

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*Not financial advice and is for educational purposes only. Always DYOR.

SO: What do you think? Let me know below.

Commento:

Fake out and crash. doge dived to 50c


 

Commento:

Commento:

Bottomed at $0.41