FLXN is a possible flag formation. It seems a very strong flag formation, and in breakout it can go above $34
* Trade Criteria *
Date first found- March 27, 2017 (intraday)
Entry Target Criteria- Break above $28.53 (hit March 27, 2017)
Exit Target Criteria- $34.37
Stop loss - $25.47
Please check back for Trade updates. (Note:...
Bearish movement stopped around 0.0002500 and tried to moved below for 3 consequent months. March comes with strong bounce from that level suggesting trend reversal. Pair bounced from mentioned level and created big bullish candles on monthly weekly and daily chart. Chart 4h intervals reveals quite interesting formations suggesting further gain of ppc vs btc. ...
if this can hold above the 23 level and hold on a breakout over the resistance then it could get a nice run because it would squeeze the shorts out and all of the momentum traders would come in, all predicated on if it can hold over the 23 level.
Reason to entry:
-Butterfly pattern valid
-at Flag 's support trendline
-Oversold + divergence RSI
-wait for higher high higher close candle
-61.8 of Full Swing (become new lower high or desicion level)
-price dont reverse at this level
Remember that market always right!
Manage your trade well!
Big bullish candle(some call it caffeine candle) from 15 of February established move which could reach highs from September. Pair was stopped by GAP and is on consolidation creating nice flag pattern. I would enter now or wait for pair to retest short term support established around 0.0001700 level. I'm not sure when or if the pair will go above GAP and it is...