THE DOUBLE TOP IS CONFIRMED. MASSIVE DOWNSIDE AHEAD.
$BANK
has pumped 14.35% to $0.3650. The daily chart is showing a classic double top pattern, which is one of the most reliable bearish reversal signals. The first top was at $0.3800, and the second top is forming at $0.3650. The price is failing to break above the previous high, which confirms the pattern. The RSI is at 74, which is overbought, and the volume is significantly lower than it was during the first top. This lack of conviction suggests that the rally is running out of steam. If the double top is confirmed, the downside target is the neckline at $0.2800, which represents a 23% drop. However, if the selling pressure intensifies, we could see a test of $0.2400, which is a 34% correction from the current level. Historically, when BANK has formed a double top, it has corrected an average of 35% within the following week. The order book is showing a massive sell wall at $0.3800, confirming that sellers are in control. What are you seeing on BANK?
$BANK
has pumped 14.35% to $0.3650. The daily chart is showing a classic double top pattern, which is one of the most reliable bearish reversal signals. The first top was at $0.3800, and the second top is forming at $0.3650. The price is failing to break above the previous high, which confirms the pattern. The RSI is at 74, which is overbought, and the volume is significantly lower than it was during the first top. This lack of conviction suggests that the rally is running out of steam. If the double top is confirmed, the downside target is the neckline at $0.2800, which represents a 23% drop. However, if the selling pressure intensifies, we could see a test of $0.2400, which is a 34% correction from the current level. Historically, when BANK has formed a double top, it has corrected an average of 35% within the following week. The order book is showing a massive sell wall at $0.3800, confirming that sellers are in control. What are you seeing on BANK?