DOGETHB trade ideas
DOGECOIN about to disappear??? Hello fam , first make sure to follow and give a like.
This is not a financial advise it's just my point of view about BITFINEX:DOGEUSD
As you can see this is the clear example of market psychology fear and greed.
Dogecoin is the clear example of psychology mass. To be honest with you I've a neutral point of view . I'm truly aware that strength is created by union. In that way there is an interesting demand level at the 2.0 level. If the price holds :
Option 1 : we pump to the upside
Option 2 : This crypto will disappear like most of the cryptos with similar characteristics. If that happen we will follow the classic scenario of crypto bubble.
Make sure to avoid blindly following social media and psychology mass. keep rational , cold and lethal.
DOGE 2022 Check Point1. Current price is at 5.95
2. Doge is born out of unintentional as a meme of BTC, hence it became the strongest qualification for Mass usage as Elon mentioned. Mass tends to love it, while its back by BTC-similar structure. Good candidate for a future global currency.
3. As Doge would not act as growth pattern as utility coin as ETH, it should be and will be more of fundamental pattern like BTC.
4. So DOGE just almost the end of 1st wave, where it should go
4.1 Down to 0.786 (4.58)(Model B) before go up to form small 1st wave of mega wave 2nd. But it would rally side way a bit longer before go up to 2nd Wave of mega wave 2nd.
4.2 Down to 0.887 (2.51)(Model A) before go up, where would be more natural of its.
5. DOGE supposed to be act as Model A, if BTC adjust down to 13K the same fundamental trend ( detail shown in BTC 2022 Check point )