$ETH

ETH moonboys, I've a good news and a bad news for you!

The bad news is that, on weekly timeframe, ETH has made a double top pattern and has broken the neckline. Now it’s coming to retest that neckline. Successful retest will trigger a huge bearish move for ETH. I am expecting a 50% downside move on ETH which will send it to $1000 zone along with the altcoins. This will create a huge massacre in the market. The neckline is sitting at $2137

Now the good news. Speaking of double top, I guess you've already heard it from me recently. Yes, you're right, the King. BTC has also made this pattern and the neckline retest was failed as BTC reclaimed the neckline. The rule is BTC shows the move and others just follow it. So, you still have hopium that ETH may follow BTC and reclaim the neckline. Weekly candle closing above the neckline will invalid the double top.

We've bought ETH at $1500 - $1300 zone and currently we're more than 30% profit. I will suggest you to derisk your position (that's more than 50% profit) on that neckline, use tight sL and wait for a clear indication.

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