After a triple top pattern at $600 as well as the psychological resistance there, ETH is falling down.
Not a double top, but a triple top. That signals even more bearish momentum than a double.
It is going to come down to the $556 support level at least as it hasn't backtested there yet except for the scam wick there at the end of November.
TP1 will 100% hit, TP2&3 are still on the table somewhat possible. If the dump stops around $556 I am bullish again to $687, but if we keep dumping here are the targets its going to:
TP1 🎯$556
TP2 🎯 $522
TP3 🎯 $498
And just to add that it hasn't touched the $470 level after moving all the way up beyond $600, what if we went down there that'd be crazy.
Let's see how this chart unfolds
Not a double top, but a triple top. That signals even more bearish momentum than a double.
It is going to come down to the $556 support level at least as it hasn't backtested there yet except for the scam wick there at the end of November.
TP1 will 100% hit, TP2&3 are still on the table somewhat possible. If the dump stops around $556 I am bullish again to $687, but if we keep dumping here are the targets its going to:
TP1 🎯$556
TP2 🎯 $522
TP3 🎯 $498
And just to add that it hasn't touched the $470 level after moving all the way up beyond $600, what if we went down there that'd be crazy.
Let's see how this chart unfolds
