Technical analysis by UsmanFarouk about Symbol ETH: Sell recommendation (2/22/2024)

ETHUSD was in uptrend as it was printing HHs and HLs on 1H timeframe. However, it has just formed a double top reversal chart pattern along with making a bearish divergence on RSI. In line with the rules of trading the pattern, SL has been placed above the pattern, establishing short entry at break of neckline. TP1 has been placed at 1:1 RRR.