Did DOGE fail?
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A quick recent history of me and DOGE: I pointed out this accumulation-like structure multiple times months ago. I was a firm believer that it was about to do its real move. We had a move that right now looks like a fakeout, unfortunately. Anyway I sold months ago again then I bought some little amounts of dog coins including DOGE luckily at the very dip of this last dump, but, is it actually a failed pattern?
In my opinion, it looks like a failure atm. For very long-term, let's say 3-4 years, I still believe DOGE is likely to do a big favor to the hardcore fans. I mean in this scenario on the chart for example, imagine buying DOGE at 0.03 next year, and holding it for 2 years afterwards? That is not something easy to do.
To summarize, I think there is a scenario where DOGE goes below the "accumulation" level. But will it be the end of it? It was a joke anyway? I don't think so. I mean yes it is a joke. But at least not a joke as bad as Bitcoin lol. So practically, I am very cautious about DOGE atm. For all risk markets to be honest. Rest of the year and 2025 might be real bad. But again for the long-term, I think DOGE has a cultural value and the chart might prove that.
In my opinion, it looks like a failure atm. For very long-term, let's say 3-4 years, I still believe DOGE is likely to do a big favor to the hardcore fans. I mean in this scenario on the chart for example, imagine buying DOGE at 0.03 next year, and holding it for 2 years afterwards? That is not something easy to do.
To summarize, I think there is a scenario where DOGE goes below the "accumulation" level. But will it be the end of it? It was a joke anyway? I don't think so. I mean yes it is a joke. But at least not a joke as bad as Bitcoin lol. So practically, I am very cautious about DOGE atm. For all risk markets to be honest. Rest of the year and 2025 might be real bad. But again for the long-term, I think DOGE has a cultural value and the chart might prove that.
Заметка
Back to fucking dogs lol. I think it looks alright for now. I'll update.
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I'm out.Заметка
Let me show you two vastly different charts. This is why I say there is still hope for long-term DOGE.
Заметка
This could play out too. Either way it's best to do nothing about DOGE right now.
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