Dogecoin to 0.1 Cents or 0.05 cents?perfect chart analysis I've had on doge over the past posts... Doge needs to get a development team that make doge a better investment.. Currently as stated in my previous post its a leaking coin that has to much payout and not enough funding. If the Development team can decrease the leaking by fixing it up and more powerfunding we might we a stronger doge...
^^^
This means A HUUUUUUUUUUUUUUUUUUUUUUUGEEEEEEE PUMP while no more funding. They need to '' FIX the Leak, like a leaking car to allow this to thrive.. If it does not get fixed its going to be '' The man on the moon and now doge goes though the life of its angry and shitcoins.'' If it can get powerfunding then.. just maybe i think it might have a chance with fixing the leaks.
Doge by any standard is a trustable coin though. It just needs major improvements to be a coin of value... Biggest thing I'm looking for is stability Less leak and good amount of funding...
If possible Doge could be the Crypto '' Petro coin'' If it cant find a good source of stability and continues to leak and does not get patched up, it will never be a good long term investment.. for example.. Etherium, Bitcoin , Litecoin , or Compound for example. All of these 4 coins stated have a very nice return without as much leak..
I'm no expert though... That's just my idea of what I think could be possible. but I'm 100% Bearish on doge untill the Leak is fixed. This coin is like 2pac for instance in my eyes.
DOGEAUD
Doge Is going to the shitter.By the looks of this head and shoulder pattern Doge had a Rocket launch attempt that then lead to a small Downtrend... Then Doge had another attempt at rocket launch and it then price action has not made the top of the main peak...
For Doge to lift off doge needs a lot of updates...
First one starts with less payout for the value of the coin This means Fixing leaks to make the coin more stable and less Leaky like a car for instance... A car Leaking Gas is never a long term good investment unless the car can find a good team that can Fix it up and start taking care of it.
The 2nd Starts with a better stability coin knowing investors will view this as a safe place to put their money. The Doge IOS development team must teach Doge the correct updates to make this coin more stable after it Fixes its leaks so its not a devaluing currency
The Best coin Bitcoin is by far the petro coin. This coin is pretty much God It knows everything has the best IOS team in 2021 and the fundraising it has is out of this world. Also its not a leaking coin, its fully patched up not sure honestly if its ever leaked in the past.
Potental Bull Run in a Downtrend.By the looks of this chart, its presenting a bullish Bat pattern in a Bear run!
If by any means this happens.. I think the trend will reset to the downside once the target at price action .888 is accomplished.
As by my preivious post I'm still very Bearish on Doge as a whole.. It needs less drip and more funding with updates to its mainframe to become a coin of interest for instance like Eth / BTC /LTC
Spring of 2021 Dogecoin Prediction As spring is here Doge has progressed to become one of the most valuable crypto currency's on earth today
From its leverage I would not be suggestive to see a downtrend start to uphold the value of the currency.
But honestly I don't think Doge will have a transaction value over the cost of 1 dollar... If it sees a dollar... Think of how much 66 billion is to be 61 cents a dam coin...
With that said this is my prediction for the spring of 2021
Make sure to be careful while trading...
I Think The doge IS in Need of a Fall down this coin is to highI think price action will fall down to the lower structure level before testing its boundaries there for a uptrend again or to fall down..
I am bearish on this coin because i think its overvalued.
I'm not a profitable trader so don't take my advice. I really am not good at trading at all. I.E negative portfolio in the past.
Make sure you use proper risk management depending on your category of what you choose to trade if you do take my advice.. I still think you should always be careful though because I'm not even risking money.