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GreenCryptoTrades
Dec 4, 2020 5:26 PM

ETH Possible double top (back to 500$ ) Short

Ethereum / TetherUSBinance

Description

The price bounced from 620$ resistance in the 3rd time, and we should be ready to get a double top . It is a reversal chart pattern. RSI gives a bearish signal. The same goes for MACD histogram.

I think the next market movement will be towards the support (500$) If the price can stay above this support, we will get a sideways movement between 500$ and 620$ or a new upward movement with the breakout above 620$ resistance. If so, we will have good buying opportunities at 500$ support.

Please share your thoughts.
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