DOGS/USDT - H&S Pattern Signals a Potential Reversal

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hello guys.

let's dive into Dogs analysis!

Head and Shoulders Formation:
A classic head-and-shoulders pattern formed at the top of this recent rally, indicating a potential trend reversal.

Broken Ascending Channel:
The price recently broke out of a minor ascending channel, further reinforcing the likelihood of a bearish continuation.

Support Zones:
The price could retest the $0.000740 level before heading lower. The next strong support zone lies around $0.000700, marked by a previous consolidation area.

Descending Channel:
The broader price action shows a descending channel. After the breakdown from the head and shoulders, the price is expected to move towards the lower boundary of this channel.

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ملاحظة

the neckline broke down, and after a retest, the price started to go downward!

#dogs #dogsusdt

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ملاحظة

it didn't touch the blue area!