Can any of you chartists make some comments on Dogecoin right now.
I am not a technical trader but as I look at the chart things like the hallowed "consolidation" and "ascending triangles" come to mind.
Appreciate your technical analysis, thanks!
I'm calling for a sharp drop in DOGE,
I think we'll see the price bottom out between 40-55 satoshis before any exciting pumps (I'd give it 2 weeks - a month)
4 Hr. MACD is about to turn red, and bulls have run of steam IMO
This baby is going down!
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FVb1g14t.png&t=665&c=wVxY3b2etm5-dg)
Ok, I somewhat agree with you, however, i look at the buy orders in cryptsy and there is a LOT of BTC waiting to buy Doge before 55 satoshi, 260 BTC by my approximation. There would need to be a huge amount of sell pressure to bust through all of that, and I don't see that happening.
Maybe down to 60....