Dogecoin / TetherUSShort
DOGE/USD - About to crash... DO NOT BUY! ⛔
DOGE did the unexpected - it went down. Where are Elon's tweets now? We need him to pump DOGE soon or else...
We have a very bearish chart unfortunately:
1. Price broke an important support line;
2. Volume is down by a lot;
3. MACD about to cross on the negative side;
4. RSI is falling...
Should you buy now? NO. Sell and forget if you are still in profit.
We will surely re-test the 0.045 level, but I'd be surprise for it to hold which such a bearish momentum. What is worse is that the rejection from ATH resistance was quite sharp. I don't see how DOGE can go up and do a new ATH anytime soon. If history is of any use, we will likely slowly bleed down for a long time...
Worse, if the support at $0.045 falls, then my god, we are going to crash... hard. There is only air from that point and I don't recall air holding price from falling particularly well.
Be very careful here.
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We have a very bearish chart unfortunately:
1. Price broke an important support line;
2. Volume is down by a lot;
3. MACD about to cross on the negative side;
4. RSI is falling...
Should you buy now? NO. Sell and forget if you are still in profit.
We will surely re-test the 0.045 level, but I'd be surprise for it to hold which such a bearish momentum. What is worse is that the rejection from ATH resistance was quite sharp. I don't see how DOGE can go up and do a new ATH anytime soon. If history is of any use, we will likely slowly bleed down for a long time...
Worse, if the support at $0.045 falls, then my god, we are going to crash... hard. There is only air from that point and I don't recall air holding price from falling particularly well.
Be very careful here.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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