Sellers just took the neckline out cleanly, and the volume behind it says this wasn't a stop-run — real supply showed up at the top of that range and pressed it through. Momentum still has room to build, which means the market isn't stretched yet on this leg down.
🗓 Daily: Bearish — price below the daily Supertrend with a falling 50/200 EMA stack
⏱ 4H: Double Top · Bearish bias
⏳ 1H: the 1H is trading below the level with its trend down — the lower timeframe confirms the setup.
✅ Daily, 4H and 1H all point bearish.
📋 WHY IT QUALIFIES
✓ Double Top structure completed
✓ Decisive breakdown — closed 0.9% beyond the line
✓ Volume 1.7× its 20-bar average
✓ RSI 35 — momentum confirms, not yet exhausted
🧭 Bias: Bearish while price holds below $4,347.11
⚠️ Invalidation: 4H close back above $4,347.11
🔵 Support $4,347.11 🟡 Resistance $4,512.33
$PAXG $BTC #ChartPatterns
Education only, not financial advice.
🗓 Daily: Bearish — price below the daily Supertrend with a falling 50/200 EMA stack
⏱ 4H: Double Top · Bearish bias
⏳ 1H: the 1H is trading below the level with its trend down — the lower timeframe confirms the setup.
✅ Daily, 4H and 1H all point bearish.
📋 WHY IT QUALIFIES
✓ Double Top structure completed
✓ Decisive breakdown — closed 0.9% beyond the line
✓ Volume 1.7× its 20-bar average
✓ RSI 35 — momentum confirms, not yet exhausted
🧭 Bias: Bearish while price holds below $4,347.11
⚠️ Invalidation: 4H close back above $4,347.11
🔵 Support $4,347.11 🟡 Resistance $4,512.33
$PAXG $BTC #ChartPatterns
Education only, not financial advice.
