ETH- Double Top at Supply Level- Update

٢٣ أكتوبر ٢٠٢١

Mixed emotions on ETH here- Double top formed on the daily timeframe right at an RSI-Based supply level as well as a bearish ABCD Harmonic pattern formed on the 2 and 4-hour timeframes (2-hour Chart Below). RSI overbought on every timeframe besides the daily timeframe, which is nearing overbought territory as well. However, does seem to be forming a larger ascending triangle, likely will see a bit of a pullback and some consolidation before another push to new highs. Bearish short-term, very bullish long-term- Just some FIB levels and RSI-based supply and demand zones to keep an eye on **See Previous Charts Below**

2-Hour
https://www.tradingview.com/i/zjmEhyHk/

Previous Charts
https://www.tradingview.com/i/JlQlI5oY
https://www.tradingview.com/i/qYWrP3SO
https://www.tradingview.com/i/vCwTO77E
https://www.tradingview.com/i/LYhf3bmx/