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Even Elon Musk can’t save Dogecoin from crashing another 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 to be like 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.

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

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