So, $doge has been doing its impression of Paris Hilton's career ever since the Kardashians took over the self-exploitation market.
I'll say this: it's headed downward, but I think it still may have some potential for fun uses. Inflation and the number of coins currently in circulation are going to keep the value under a certain ceiling, and hopefully you $doge investors have taken this lull as an opportunity to learn about that. On one of the other sites I post things about trading I got a lot of lil ol' ladies gasping and asking for their feinting couches because I said it was going down.
Well, here we are again! I thought there might be some potential for a big break upward by now, and it still hasn't come. In fact, it's headed yet further down. The key all the way over to the left I put there so you can follow that green trendline that I discovered had a much earlier incarnation than I'd previously realized. It was just a little wiggle, but it ended up having a butterfly effect that was pretty pronounced.
But it's broken through that now, and I'm waiting to see what happens at the intersection of that red, downward trend and the next level down on the Gann Fan just under the green key.
It'll be interesting to see what happens, but I'm happy watching this one drift further downward before I get back in if I even do.
All in all my position is neutral, but I do see it going further down in the short term.
I'll say this: it's headed downward, but I think it still may have some potential for fun uses. Inflation and the number of coins currently in circulation are going to keep the value under a certain ceiling, and hopefully you $doge investors have taken this lull as an opportunity to learn about that. On one of the other sites I post things about trading I got a lot of lil ol' ladies gasping and asking for their feinting couches because I said it was going down.
Well, here we are again! I thought there might be some potential for a big break upward by now, and it still hasn't come. In fact, it's headed yet further down. The key all the way over to the left I put there so you can follow that green trendline that I discovered had a much earlier incarnation than I'd previously realized. It was just a little wiggle, but it ended up having a butterfly effect that was pretty pronounced.
But it's broken through that now, and I'm waiting to see what happens at the intersection of that red, downward trend and the next level down on the Gann Fan just under the green key.
It'll be interesting to see what happens, but I'm happy watching this one drift further downward before I get back in if I even do.
All in all my position is neutral, but I do see it going further down in the short term.
