khemhotep_

ETHEREUM forming a Double Top??? Hold onto your BUTTS

COINBASE:ETHUSD   Ethereum
The main thing I see that makes me skeptical is the fact that the volume on the most recent run up to the high $300s was significantly lower than the 1st run, and the Volume MA for that entire period. It seems like all the new money has become complacent and isn't really buying in and the sellers are eager to take some profit. It could be all a ploy to lower the price and accumulate more ETH in advance of the anticipated fork later this month. I'm not sure but if the price falls below $195 we could be in for a MAJOR pullback. I'm also watching the MAs and EMAs on the price action, they also look like they're itching to confirm a change in trend. Let me know what you all think :-)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.