Crypto analysts sound the alarm on Dogecoin as a classic chart pattern emerges

隨著經典圖表模式的出現，加密貨幣分析師會對狗狗幣發出警報

Technical analyst Josh Olszewicz (@CarpeNoctom) has identified a potential Head and Shoulders (H&S) formation on the DOGE/USD 12-hour chart, suggesting a potential significant price drop if the pattern holds true.

技術分析師 Josh Olszewicz (@CarpeNoctom) 在 DOGE/USD 12 小時圖表上發現了潛在的頭肩 (H&S) 形態，表明如果該模式成立，價格可能會大幅下跌。

The H&S pattern is a technical indicator traditionally viewed as a bearish signal. It consists of three peaks, with the central peak (the head) being the highest and the two outside peaks (the shoulders) being lower and approximately equal in height. The line connecting the lowest points of the two troughs (the neckline) can be horizontal or sloped and represents a critical support level.

H&S 模式是一種傳統上被視為看跌訊號的技術指標。它由三個峰組成，中央峰（頭部）最高，兩個外側峰（肩部）較低，高度大致相等。連接兩個波谷最低點的線（頸線）可以是水平的，也可以是傾斜的，代表關鍵支撐位。

Dogecoin Must Hold $0.14

狗狗幣必須持有 0.14 美元

On Dogecoin's 12-hour chart, the price has formed the left shoulder and the head, with the right shoulder currently forming. The neckline of this H&S pattern is identified at approximately $0.14, as annotated by Olszewicz. This level is crucial; a decisive break below could confirm the bearish forecast suggested by the H&S formation.

在狗狗幣的 12 小時圖表上，價格已形成左肩和頭部，目前正在形成右肩。正如 Olszewicz 所註釋的那樣，該 H&S 模式的頸線確定為大約 0.14 美元。這個級別至關重要；果斷跌破該水準可能會證實 H&S 形態所暗示的看跌預測。

Dogecoin head & shoulder pattern, 12-hour chart | Source: X @CarpeNoctom

狗狗幣頭肩型，12 小時圖 |來源：X @CarpeNoctom

Another technical detail present on the chart is the Fibonacci retracement levels, which indicate potential support and resistance areas. They are based on Fibonacci numbers, a sequence known for its proportionality.

圖表上的另一個技術細節是斐波那契回撤水平，它表明潛在的支撐和阻力區域。它們基於斐波那契數列，斐波那契數列以其比例性而聞名。

The 0.5 Fibonacci level aligns with the left shoulder around $0.18, while the 0 level coincides with the peak at approximately $0.23. These levels are key to determining potential support and resistance areas in the market.

0.5 斐波那契水平與 0.18 美元附近的左肩對齊，而 0 斐波那契水平與大約 0.23 美元的峰值重合。這些水準是確定市場潛在支撐和阻力區域的關鍵。

Olszewicz has also highlighted a projected target area based on the typical behavior of the H&S pattern. This bearish target is identified using the height of the pattern from the head's peak to the neckline, projected downward from the point of the neckline break. The target box, marked in green, shows a potential decline to $0.10 to $0.09, coinciding with the 1.618 and 2.0 Fibonacci extension levels. A fall to this level could lead to a price crash of 40%.

Olszewicz 也強調了基於 H&S 模式典型行為的預測目標區域。這個看跌目標是透過從頭頂到頸線的形態高度來確定的，從頸線突破點向下投影。目標框以綠色標記，顯示潛在下跌至 0.10 美元至 0.09 美元，與 1.618 和 2.0 斐波那契擴展水平一致。跌至這一水平可能會導致價格暴跌 40%。

The H&S pattern is a reliable trend reversal signal. It is validated when the price breaks below the neckline following the formation of the right shoulder. For traders and investors, this pattern serves as a warning to prepare for potential downside risks.

H&S 形態是可靠的趨勢反轉訊號。當價格在右肩形成後跌破頸線時，該訊號得到驗證。對於交易者和投資者來說，這種模式可以作為警告，為潛在的下行風險做好準備。

As of the latest chart by Olszewicz, the neckline has not been breached, and the pattern has yet to be confirmed. It is critical to watch the $0.14 level closely, as a break below it would likely trigger a sell-off, fulfilling the H&S prophecy. However, until such a break occurs, the pattern remains a watchful indicator rather than a confirmed trend reversal.

截至 Olszewicz 的最新圖表，頸線尚未被突破，該形態尚未得到確認。密切關注 0.14 美元水準至關重要，因為跌破該水準可能會引發拋售，從而實現 H&S 預言。然而，在這種突破發生之前，該模式仍然是一個值得警惕的指標，而不是確認的趨勢逆轉。

In summary, Dogecoin's price chart is showing signs that could concern bullish investors. If history repeats itself, the emerging H&S pattern suggests a possible downward move in Dogecoin's value in the near future. However, only a decisive break below the neckline will validate this pattern, turning a watchful eye into a bearish outlook.

總之，狗狗幣的價格圖表顯示出可能令看漲投資者擔憂的跡象。如果歷史重演，新興的 H&S 模式表明狗狗幣的價值在不久的將來可能會下跌。然而，只有果斷突破頸線才能驗證這個模式，從而將警戒的目光轉變為看跌前景。

At press time, DOGE traded at $0.1509.

截至發稿時，DOGE 交易價格為 0.1509 美元。

DOGE price, 1-week chart | Source: DOGEUSD on TradingView.com

DOGE 價格，1 週圖表 |資料來源：TradingView.com 上的 DOGEUSD

Featured image created with DALL·E, chart from TradingView.com

使用 DALL·E 創建的特色圖片，圖表來自 TradingView.com

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