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orthogonal
Jun 22, 2017 12:37 PM

ETH/USD  Long

Ether / United States DollarCoinbase

Description

Close to a flag pendent breakout with a morning star closing yesterdays price possibly indicating trend reversal from the recent decline.

Yesterdays flash crash makes technical analysis quite difficult as many exchanges are backlogged with ETH orders for pending selling and buying. In general this is a fundamental indication that the ETH network may not be as strong and scale-able as bulls had hoped, but introduces good buying opportunities for those who can actually place orders. Likely this technical issue will produce more volatile trading behavior in the short term, but could also ignite a trend reversal to the upside.
Comments
oshin11
Close to a flag pennant....aka just a triangle. That's not a pennant. It could just as easily break downward to 200 area.
CovidScamIsAnIQTest
Morningstar is not yet confirmed yet. Need to wait till 5 pm today to finish the whole day. Don't you think?
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