#### FUNDAMENTAL ANALYSIS ######
In last of his “Saturday Night Live” hosting gig, SpaceX and Tesla CEO Elon Musk tweeted, “Throwing out some skit ideas for SNL. What should I do?”
The billionaire tech mogul’s tweet received more than 55,000 replies, many of which asked him to talk about dogecoin, a meme-inspired digital currency. Musk’s tweets earlier this year catapulted the coin, which started out as a joke on social media, to a veritable currency.
Musk ended up mentioning dogecoin twice on “Saturday Night Live”: during his opening monologue and again on “Weekend Update,” where he discussed it with co-hosts Colin Jost and Michael Che.
The self-proclaimed “Dogefather” called dogecoin “the future of currency” and “an unstoppable financial vehicle that’s going to take over the world.”
##### TECHNICAL ANALYSIS #####
I am not going to talk much of it because I illustrated almost everything on my chart.
In the previous days, we see dogecoin make it to its all-time new high of $0.74 which was unbelievable, and then it retraces to its recent lowest low which is $0.41.
with the price of dogecoin retracing to its previous broken resistance with a hiding demand zone which I illustrated in my chart, with the final confirmation which is two (inside bar candlestick) all those are confirmation to go long on dogecoin.
In last of his “Saturday Night Live” hosting gig, SpaceX and Tesla CEO Elon Musk tweeted, “Throwing out some skit ideas for SNL. What should I do?”
The billionaire tech mogul’s tweet received more than 55,000 replies, many of which asked him to talk about dogecoin, a meme-inspired digital currency. Musk’s tweets earlier this year catapulted the coin, which started out as a joke on social media, to a veritable currency.
Musk ended up mentioning dogecoin twice on “Saturday Night Live”: during his opening monologue and again on “Weekend Update,” where he discussed it with co-hosts Colin Jost and Michael Che.
The self-proclaimed “Dogefather” called dogecoin “the future of currency” and “an unstoppable financial vehicle that’s going to take over the world.”
##### TECHNICAL ANALYSIS #####
I am not going to talk much of it because I illustrated almost everything on my chart.
In the previous days, we see dogecoin make it to its all-time new high of $0.74 which was unbelievable, and then it retraces to its recent lowest low which is $0.41.
with the price of dogecoin retracing to its previous broken resistance with a hiding demand zone which I illustrated in my chart, with the final confirmation which is two (inside bar candlestick) all those are confirmation to go long on dogecoin.