Even Elon Musk can't save Dogecoin from crashing another 60%, analyst asserts
Cointelegraph
Published Jun 18, 2021 12:06PM ET
Updated Jun 20, 2021 02:20PM ET
If one looks at Dogecoin (DOGE) charts from the point of view of a financial chartist, he/she will notice an alarming presence of a classic bearish structure.
For instance, pseudonymous analyst Tyler Durden highlighted what appears to be a "Head and Shoulder" pattern. The trading structure forms when an asset forms three peaks atop the same support level. In doing so, its middle peak comes out to be higher than the other two.
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Written By: Cointelegraph
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