Flagging for a breakout, or fakeout? (ETH)

19 มี.ค. 2018

Looks like we could reach around 505€ with this flag,
however I would still be cautious.

If we can break above 460€ key resistance (top of the flag) i see the rally up to 505€ materializing.

Good luck

20 มี.ค. 2018

บันทึก

Just dumping some ideas :)

20 มี.ค. 2018

บันทึก

We’re still in consolidation before the eventual breakout, but keep in mind that
there is a risk that the breakout might not be the reversal point but rather a temporary upswing before further decline.

What we can do is take profit at resistance and evaluate if the market isnt displaying enough bullishness.