DOGE sentiment taking over my reliance on TA - Part 3
DOGE fell below the bearish ascending triangle pattern I posted yesterday, and now it's trading below the support trendline initiated by the dip set last Saturday, April 17th. Another sign of weakness is the fact that price is failing to rally like it has almost everyday between 00:00:00 and 04:00:00, which tells me that sentiment is turning bearish across the globe. The failure of DogeDay is having a lingering affect.
If you decide to HODL long, then I recommend you compare the performance of DOGE to
Bitcoin (using it as an index). So far, the price action of both DOGE and Bitcoin are moving in almost direct relation to one another, which tells us that crypto as a whole is going through a bearish correction. Warning signs should ring loud if DOGE moves in negative, indirect relation to Bitcoin.
If you decide to HODL long, then I recommend you compare the performance of DOGE to
Bitcoin (using it as an index). So far, the price action of both DOGE and Bitcoin are moving in almost direct relation to one another, which tells us that crypto as a whole is going through a bearish correction. Warning signs should ring loud if DOGE moves in negative, indirect relation to Bitcoin.
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