ETH Prospective LONG Trade (Mid/Short Term)

COINBASE:ETHUSD   Ethereum / U.S. Dollar
The volume on ETHUSD paid is good.
Has bounced from the uptrend line from the bottom. Basing this trade on this uptrend line.
XBT could make a move up here which should ETH Long.
SL for Mid Term Trade Setup -> 110.20 at 3-5x Leverage with an extra stagger around 111(optional)
SL for Short Term Trade Setup -> 119.20 and 5-7x leverage
Pink lines are the mid term targets
Blue lines are short term targets
I'm going for a mid term setup.
Comment: What's interesting here is that we are also forming a bear flag.
Which could drag us to low 100s
In that case you could choose to have your STOP LOSS under 120 with increased quantity to enter you in a SHORT position for a break down from bear flag.
This would invalidate the uptrend.
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I like this, @vjsharma89

I marked your line with a red line on the perpertual ETH chart I use (bitmex) - yes it was a bear flag about the time you posted.

But it starting to turn bullish - signal about to cross below MACD - RSI close to being oversold - histogram about to cross.

Close of the candle in 15 mins, we will see.

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