rahimdavis

A potential bounce off of the 78 percent decline of DOGEUSD

BITTREX:DOGEUSD   Dogecoin / US Dollar
Now as I mentioned earlier in post dont get me wrong that there is a potential play. But because of a crypto that first started from a meme photo of a dog named Kabosu in 2010 which is my main measurement. A ton of folks say buy and hold but this coin has been around for 11 years. If you look at all the other crypto currencies that are still around, Litecoin, Ethereum , Bitcoin .....Those have far exceeded the value of DOGE ...... Now the reason I like to stay factual on the technical analysis is I do not want to be a Debbie Downer. And an overzealous greedy speculator is just as worse so we dont wanna start screaming DOGE to the moon either. The reality is a slim chance this thing bounces back to a SHORT TERM PLAY. IN MY OPINION this is not something you buy and hold you find a spot for profit get in and get out take your tendies and go home. With that being said wait for the price to jump up above .28 cents and then if the 20 day moving avg ( gold line) goes above and over the 50 day moving avg (white line) ride that until they meet again and that would be your exit. My goal is to help mitigate risk because people already know how to cash out and take reward. But if you cant measure and mitigate risk your reward is nothing is the lesson here......Happy Trading

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