DOGECOIN analysis!

DOGECOIN analysis! NakedTrader #034

In this video I'll analyze DOGECOIN vs USDT based on technical analysis.
Dogecoin is locally in an upwards construction maintaining higher lows at the daily chart. But also keep in mind that the last high of 0.095 was rejected so compression is to the upside. After compression extension will follow, because we already tested the support area of 0.067 twice we will probably either go back to the start of the impulse around 0.058 and try to reclaim the 0.084 area or we will gain the last high of 0.095 and create an higher high so there will be a new entry probably around 0.092 cent.

DOGECOIN, as you may know, is a cryptocurrency that was created in 2013 as a fun and friendly alternative to Bitcoin. It features the likeness of a Shiba Inu dog and has gained a cult following over the years, especially after endorsements from celebrities like Elon Musk. USDT, on the other hand, is a stablecoin that is pegged to the value of the US dollar, meaning that 1 USDT should always be worth 1 USD.

Earlier this month Elon Musk changed the twitter bird logo into DOGECOIN logo and now rumors are there that the twitter logo might be changed again.

#DOGECOIN - #DOGE

Chapters
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00:00 ⏩ Intro
00:16 ⏩ DOGECOIN analysis - DOGE / DOGECOIN vs. USDT $
07:15 ⏩ Thanks and Goodbye + Outro

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*Disclaimer*
Please be advised that the content of my videos are intended FOR EDUCATIONAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.