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Tuesday, July 27, 2021

Even Elon Musk cannot save Dogecoin from crashing one other 60%, analyst asserts By Cointelegraph

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Even Elon Musk cannot save Dogecoin from crashing one other 60%, analyst asserts

If one appears at Dogecoin (DOGE) charts from the standpoint of a monetary chartist, he/she’s going to discover an alarming presence of a basic bearish construction.

As an example, pseudonymous analyst Tyler Durden highlighted what seems to be a “Head and Shoulder” sample. The buying and selling construction varieties when an asset varieties three peaks atop the identical assist degree. In doing so, its center peak comes out to be increased than the opposite two.

Dogecoin crash anticipated if its breaks beneath $0.299-support. Supply: Tyler Durden, TradingView.com
D weekly chart reveals the following assist confluence within the $0.040-0.047 space. Supply: TradingView.com