It displays double top as it will fall into decline. Short BTC is ongoing. What do you think?
I noticed a bearish pennant with a proper form since last week. I set the support level in 1773 from this week as a breakout. I am pretty sure it can break the support level and makes a downtrend. This is a good moment to entry a short ethereum. The Take Profit target will be in 1760 and 1849 as the Stop Loss.
This is the second analysis I made today. If I used a normal chat pattern before, now I use my favorite Technical Indicator (RSI). I found it a bullish divergence after considered a different between a chart and RSI indicator below
Based on my Analysis, I found it as a double bottom pattern that consists of left- and right bottom. I notice a strong resistance level exactly on the neckline and occured couple times in previous timeframe. I would like to say this is a good moment to entry for long/buy and hold until the resistance level at 27.500. If you afford to take higher risk, then wait...