DOGE/USD - Unbelievable price action... doge to the moon?

2021년 2월 8일

DOGE defied gravity and pushed back to previous ATH level... what? I thought this dog meme coin was a joke... apparently it is not since it is a top 10 coin by market cap.

So what is going on? If you want a good indicator of FOMO and irrationality in this market, DOGE is the perfect choice.

OK, ok, but can it pump more? Should I buy?

No. The chart is sending mixed messages and I don't think you want to flirt with a coin when the messages are unclear.

Price action is bullish, so is MACD (which is expanding), however, volume is down and RSI shows a bearish divergence. These are conflicting signals to me.

One set is bullish the other is bearish. If you know what risk/reward means, best to stay away, but who cares, dog coin is best coin, so I am going to buy.

Go for it, but look at Doge history. One pump every two years. Got to say, this one surprised me. Even Elon Musk was surprised by the attention, he tweeted about Doge for days in a row... until we found out he tweeted about Doge and was buying Bitcoin behind the scenes. Question is, did he buy Doge too?

Be careful.

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