ETH double top?
ETH stepped back on the trend line (near 1265.51), which is also the resistance of 0.618. For the first time, a long upper shadow appeared, indicating that there was selling pressure, and for the second time, a bearish engulfing pattern appeared. The high left and low right top is a typical double top.
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If the price falls below 1208.10, the double top will be established. Pay attention to the lower support prices of 1169.40, 1158.00 and 1127.03.
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In terms of a large cycle, if ETH does not break through 1220 and the resistance trend line, there is a chance to consolidate between 1080.00 and 1220.00 for a period of time, and there will be no major market in a short period of time.
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If you like my ideas, please share and like!
Also welcome to leave a message to share your views with me!
DYOR
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If the price falls below 1208.10, the double top will be established. Pay attention to the lower support prices of 1169.40, 1158.00 and 1127.03.
-
In terms of a large cycle, if ETH does not break through 1220 and the resistance trend line, there is a chance to consolidate between 1080.00 and 1220.00 for a period of time, and there will be no major market in a short period of time.
-
If you like my ideas, please share and like!
Also welcome to leave a message to share your views with me!
DYOR
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