Double TOP - Reversal PatternDouble top is a reversal chart pattern which means the actually uptrend will be changed to bearish.In this chart pattern we see consecutive double price peaks
This patern occurs at the top of an massive uptrend.After reaching a high like 44-60 weeks high(for exemple) the price is moving to make another higher high but in this second peak bulls slowly will lost their confidence and also volume is still low
The bearish chart pattern is confirmed when the price breaks down below the low point of through
Often traders is started sell-off which will result into a huge red volume candle and also a short term coin-capitalization
Top of these peaks wll be turned into a huge long term resistance
Csromania
SCBTCBINANCE:SCBTC now is situated into a Symmetrical Triangle and it s still Bullish becouse we are above Ichimoku cloud and still have Support from this (cloud green)
The volume also is increased which is Bullish sign
We need to close above this red candle and next target will be 133 sats which is 61.8% fib
Wait for confirmation and after you can entry
RSI 59 it s also bullish
TRON BEST SHORT ENTRYPOINTTrx is into an ascendent channel which can go up or down but
Stoch at 1D is overbought hard
RSI also 67
BTC cboe contract expires in 16 october so until this date we are bearish
Open short at 404 bitmex with TP 377-384 for a scalping
Open short at 447-455 Bitmex with 360-347-317 sats target
450 Zone is the top of ascendent channel and also supply zone