A crypto analyst looked at the Dogecoin price chart to assess if the meme coin has bottomed out after falling significantly this year.
一位加密貨幣分析師查看了狗狗幣價格圖表,以評估這款迷因幣在今年大幅下跌後是否已經觸底。
A crypto analyst from the More Crypto Online YouTube channel looked closely at the price chart for Dogecoin (DOGE) in a recent video posted on December 11th, assessing whether the meme-inspired cryptocurrency may have bottomed out after its long decline this year.
YouTube 頻道More Crypto Online 的一位加密貨幣分析師在12 月11 日發布的最新影片中仔細觀察了狗狗幣(DOGE) 的價格圖表,評估了這種受迷因啟發的加密貨幣在今年長期下跌後是否可能已經觸底。
Doge has broken out of this price channel to the upside. Has it bottomed? Unclear. We can’t say for sure, but we’ve been tracking here a diagonal pattern to the upside.
Doge 已突破該價格通道並向上。已經見底了嗎?不清楚。我們不能肯定地說,但我們一直在追蹤向上的對角線模式。
More Crypto Online更多加密貨幣在線
While stating that he could not definitively declare the end of the crypto bear market, he acknowledged there are signs of a potential bottom forming.
雖然他表示無法明確宣布加密貨幣熊市結束,但他承認有跡象表明可能會形成底部。
You might also like: Jito’s $165m airdrop rains on Solana
你可能也喜歡: Jito 的 1.65 億美元空投落在 Solana 上
The analyst discussed two possible Elliott Wave interpretations for Dogecoin’s recent price moves. In one scenario, the current rise could be a leading diagonal pattern, indicating there may still be another pullback ahead in a fourth wave. The alternative sees the rally as the third wave of an impulsive sequence.
這位分析師討論了狗狗幣近期價格走勢的兩種可能的艾略特波浪解釋。在一種情況下,當前的上漲可能是領先的對角線模式,表明第四波中可能還會出現另一次回調。另一種觀點則將此反彈視為脈衝序列的第三波。
If modeling the advance as an impulsive third wave, the analyst notes more upside could be in store, perhaps exceeding the psychologically key $0.12 level which aligns with the 1.618 Fibonacci extension of waves one and two. In this case, he would watch for a break of the $0.086 level to signal that a top is likely in place.
分析師指出,如果將上漲視為衝動的第三波,則可能會出現更多上漲空間,或許會超過0.12 美元的心理關鍵水平,該水平與第一波和第二波的1.618 斐波那契延伸線一致。在這種情況下,他會關注 0.086 美元水平的突破,以表明頂部可能已經形成。
While remaining cautiously optimistic given the ambiguous wave count, the analyst stressed, “we only have three waves up.” He conceded a bearish head and shoulders topping pattern also remains in play if the cryptocurrency fails to push higher. For now, he is tracking both bullish and bearish scenario potentials as more price data unfolds.
該分析師強調,儘管鑑於波浪計數不明確,仍保持謹慎樂觀,但“我們只有三波上漲。”他承認,如果加密貨幣未能推高,看跌的頭肩頂形態也會繼續發揮作用。目前,隨著更多價格數據的公佈,他正在追蹤看漲和看跌情景的潛力。
Read more: Kazakhstan bans Coinbase amid larger controversy
閱讀更多:哈薩克因更大爭議而禁止 Coinbase