bourbon44

Possibly one more leg down for Ethereum

KRAKEN:ETHXBT   ETH / XBT
105 2 2
Price is looking a bit heavy up here at the moment. There could be one more drop down to test S/R at 0.007 and a tap of the 400 MA. From there, the flag should be complete and the advance should resume. The daily chart (not shown) shows that the RSI and Stochastic still have some room to fall. Good luck all.
Comment: Selling this bounce - chart below
Comment: And I'm out. Bull divs everywhere and the daily now looks like it's about to explode to the upside. Was able to get out at just under BE with the dip. Additionally, I thought the rise in BTC is was going to bring it down a bit. That still might happen but not by much. Eth will come down, but it doesn't look like it will be today. Might try another small long position on a break out to the upside. Good luck all.
Started a small sell on polo at just over .0105 with the short term cross on the 1 hr. Stochastic. Stop above the recent highs ~ .0109. Initially targeting the 4hr. 200 MA which is currently about .0077.
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