Possible FLAG pattern forming in STEEM on the 4Hourly?
It seems we may have a possible FLAG pattern forming in STEEM/BTC, with bullish trend about to form on the breakout of structure/channel. Water and Blueberry EMAs are crossing as well as TDI channel bands are extremely narrow, which suggests a strong pending move is imminent.
In this chart I've listed what I see as 2x possible moves, one retracement downwards before the move up or 2x possible moves up and down, before an upwards move which would produce a breakout of structure and confirm the flag pattern. In my opinion, this stock would be a great BUY/LONG and I shall purchase coins on the breakout of structure.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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In this chart I've listed what I see as 2x possible moves, one retracement downwards before the move up or 2x possible moves up and down, before an upwards move which would produce a breakout of structure and confirm the flag pattern. In my opinion, this stock would be a great BUY/LONG and I shall purchase coins on the breakout of structure.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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