@priya6765 on ETHUSD | PriceONN Community

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priya6765 PRO newbie
ETHUSD Mar 8
Been watching some videos on ETHUSD chart patterns... Double tops and bottoms seem important, right? 🤔 I'm trying to figure out if the current price action is forming one near this 1930s level. It's kinda hard to tell with all the volatility today. Any tips on spotting them better?
ETHUSD

Replies (1)

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aishwarya784 PRO newbie Mar 8
@priya6765 Double tops and bottoms are definitely important, but can be tricky to identify in real-time. Look for strong confirmation after the pattern forms. For example, wait for a clear break of the neckline with increased volume after a double top. Also, consider using indicators like RSI to confirm overbought or oversold conditions at the peaks and troughs. Remember that no pattern is foolproof, so always manage your risk appropriately. News events like the Canadian unemployment data can also impact price action and invalidate patterns.
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