GNTETH Poloniex 06Sep2017 - potential flag pattern (?)

POLONIEX:GNTETH   Golem / Ethereum
128 0
If price tends to move upwards ( RSI shows GNT is not yet overbought and MACD crossed on the h1 hour chart with an upward movement) there may be a chance for a 3rd flag to develop within recent uptrend against ETH with a peak at around 0.00125 which is slightly below of 0.382 fibonacci of recent short term upward movement. Some of GNT deposit may be sold at this level and bought back at around 0.00116 levels. With watching price movement carefully and if the pattern fails after retracement from 0.00125 due to either further and earlier upward movement or short term trend change signs may develop we can either look for other buying opportunities or buy back GNT at even lower levels than 0.00116.
Order cancelled: Pattern failed. GNT broke out later and reached over 0.0015 levels and retraced to 0.001175. self-rating is 1 of 5.
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