Get started
jacobosiason7

ETH- Double Top at Supply Level- Update

Short
Ethereum (KRAKEN:ETHUSD)  
jacobosiason7  
KRAKEN:ETHUSD   Ethereum
Trend Analysis Chart Patterns Technical Indicators Double Top supply_and_demand fib overbought ascending_triangle AB=CD harmonic_pattern Bullish Patterns long-term
5
0
trendanalysis chartpattern indicator doubletop supply_and_demand fib overbought ascending_triangle abcdpattern harmonic_pattern bullish long-term
Mixed emotions on ETH here- Double top formed on the daily timeframe right at an RSI-Based supply level as well as a bearish ABCD Harmonic pattern formed on the 2 and 4-hour timeframes (2-hour Chart Below). RSI overbought on every timeframe besides the daily timeframe, which is nearing overbought territory as well. However, does seem to be forming a larger ascending triangle, likely will see a bit of a pullback and some consolidation before another push to new highs. Bearish short-term, very bullish long-term- Just some FIB levels and RSI-based supply and demand zones to keep an eye on **See Previous Charts Below**

2-Hour
snapshot

Previous Charts
snapshot
snapshot
snapshot
snapshot
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.