DOGE/USD - Bearish formation, be on guard!!!

Doge is forming a bearish wedge which once it breaks down it will lead to some quick loss in price.

I don't exclude us pumping up some more until we get close to the previous ATH, but we will then likely be pushed down out of this wedge and fall. Note there is a lot of air below us, so the fall, once it starts, won't be pretty. Do not be caught.

The indicators, apart from MACD are bearish. So the setup is quite clear, we may still go up a little, but then reality will hit.

Not sure if more tweets from Elon Musk can sustain this price for long because with each new tweet the pump will be less significant (there is nothing exciting when the same tweet is made 10x times).

Bias is therefore bearish medium term. You can risk some longs to catch more pumps, but the risk / reward ratio on this pattern is not that good. Be on guard!

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