Ethereum update. Possible bullish flag and continuation upside! by andriustovis

cryptocurrency · @andriustovis · Apr 16 '18

$0.17

Ethereum update. Possible bullish flag and continuation upside!

Last Friday I posted that Ethereum could start a reversal due to: 
 - broke long term trend line;
 - reached -27,1% fibo level;
 - divergence in MACD (e.i. price was declining, MACD inclining (yellow line));
However these factors sill needs a confirmation e.i. bullish flag above the trend line!
![](https://steemitimages.com/DQmZkxpLUnWVWDRLzt3QZT4AY6MtYgUaodmq6EgfWYA6oNZ/image.png)

Currently I see the beginning of that bullish flag formation, so anytime soon we could see a continuation upside:
![](https://steemitimages.com/DQmUPz9R9BDkrLfvQkW3DxM8qGkPogB46KkUmeb1Y1UVEzT/image.png)


If instead of break out up of bullish flag we will see strong plunge, wait for new low:
![](https://steemitimages.com/DQmULghfdv2jae7WW5PjdPUwp12B3jrg7Wr4bNDPu6ZssXX/image.png)

Note: This is not a financial advise or trade call, it's only my personal opinion and arrows in the charts shows just an indication of direction, not the specific points or targets!

PLEASE EVALUATE MY TIME BY UP VOTING AND RESTEEMING THIS POST. THANK YOU!

Your crypto_analyst
@andriustovis

👍 simonnorthcote, mjo, kafupraise, andriustovis, swizzguy, bjdore42, travelfox, rawn, hashmieali77, tleem, yanlomack, snejjik, znalex, olegshissh, ledotaeva

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