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QartalCrypto

On top of the $ 39,500 level, Babbitt faced a strong resistance and the slow process of reforming it might lead to a decline in prices ranging from $ 29,500.

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A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.

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A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs.