P_S_trade

ETH 1D "Double top" or annual high updates?

BINANCE:ETHUSDT   Ethereum / TetherUS
The situation on the ETH chart slightly exceeded our expectations from the previous idea, rising to $478.

Now, the prerequisites for a reversal pattern "Double top" are being formed on the chart.
Firstly, we expect the price to descend to $395-402 by the end of November, and there the future trend will be decided.

We remind that the release of the Ethereum2.0 zero block is expected on 1 December 2020.

So, in the zone $395-402 , we will follow the behavior of the driving market players:
- the price can sharply break down to the base zone the "Double top" around $320-335,
- the price, on positive news, will be able to move up, above $480 to update local highs.

Towards the end of the month, we will update the chart according to the current market situation.
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