Double Top

Double Top is a technical analysis pattern signaling a potential reversal from an upward trend to a downward trend. It occurs when an asset's price reaches a high point twice, with a moderate decline in between. This pattern suggests that buyers are losing momentum, and sellers may gain control, leading to a price drop. Traders often use this pattern to predict future price movements and make informed decisions. Recognizing a Double Top can help traders mitigate risks and capitalize on potential market downturns in crypto and fiat exchanges.