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Good Doge!

This is a syndicated repost courtesy of Slope of Hope – Technical Tools for Traders. To view original, click here. Reposted with permission.

Who would have ever thought that a goofy alt-coin project that took its inventor three hours to make would do this? Dogecoin ($DOGE in SlopeCharts, as well as CryptoStream) is now a $45 billion thing. Insanity. Pure insanity. (Having hit 45 cents on Friday, Doge is most likely to unwind a lot of those gains, because the ascent was just madcap frenzy).

You can see the well-formed saucer pattern preceding the liftoff. The volume has exploded recently, thanks to Elon Musk’s endless heralding of this thing.

We have gone collectively insane. Well, at least the mascot is a dog. So we’ve got that going for us.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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