double top

Double top on the hourly

A confirmed double top on the hourly. The target for this move is 2323 or 385USD. We call it confirmed because the price has breached the previous low.

How to identify a double top by a redditor

A double top should consist of two price drops, one after the first top and one after the second. Therefore, it is only a double top if price falls back down again. Its tempting to call it like this in the chart. But that could just be a retest of highs before a breakout.