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aeonglacial
Mar 30, 2017 9:08 PM

Another Bull Flag Long

Ethereum / BitcoinPoloniex

Description

Continuing off the support line from the first flag, i see another long opportunity. I have been long since the December 30th but ive been cautious about my entries for the past couple of weeks.

Confirmation for me is a double bottom on OBV and Willy indicators.
Comments
n0xTrader
It broke down really nice, what do you think now ?
aeonglacial
@n0xTrader, it totally broke down. I think it was primarily reacting to BTC rally. with structure broken we could see a return to the 30-40 area and that could happen fast. Aeternity is having their ICO in a couple of days (Ethereum Token ICO) and we could a see lot of ETH buying just for the aeternity ICO.
n0xTrader
@aeonglacial, I see, thank for your opinion. Actually i was keeping short position but recently closed it because of


Let me know your thoughts.
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