Signs of a Doubletop pattern for ETH
ETH/BTC shows a beginning of a bearish pattern, backed by indicators.
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. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
MACD: Coming sell signal
MA 7: Bearish
Ma 14: Bearish
Stoch RSI: Bearish
Keep in mind that this is just a speculation!
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. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
MACD: Coming sell signal
MA 7: Bearish
Ma 14: Bearish
Stoch RSI: Bearish
Keep in mind that this is just a speculation!
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