TrendFather

ETH Double top or a good chance to buy?

BITFINEX:ETHUSD   Ethereum
In the medium term, a rollback to support level $ 361 looks good. This is evidenced by a number of factors: the sideways trend, after 2 touches of support level $ 361 (07.08), the price could not go to the upper border, which indicates the strength of sellers. Therefore, the short looks good against the current ones, or rather the price rise to $ 400 and then a rollback to $ 361 to recruit new players.

BUT, since you can see buyers locally, with an increase over $ 399-400 there will be an impulse to $ 414, since the walls of sellers are at $ 400.
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