ETH potential short right now!!!

in #ethereum7 years ago

ETH 5 min chart currently in a Double Top formation, potential short for some quick bucks.
Screen Shot 2017-07-06 at 09.11.12.png

The second top was unable to break resistance levels like the first top, meaning both tops are respecting the following Fibonacci level. As the trend was unable to break the resistance for a second time buyers are losing interest, setting us up for a downtrend which we the traders can short. An example of a Double Top formation is shown below.

Doubletop.gif