Monfex_UK

Ethereum: a possible Bearish flag

Short
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hello, Traders!
Monfex is at your service and today we overview.

Be aware of this bearish flag!

Classic pattern for this situation, impulse down - correction movement in flag and continue falling with new impulse power.
Indicators look not so good. Can have some pit stop near ~ $ 160.

What we can do now ?

1) Short;
2) Fix in money and and see how the market will behave;

I prefer the second option for now.

Share your thoughts, ideas about the market under the chart.

Watch for our Updates to be the first who gets well-timed signals !

GOOD LUCK AND LOTS OF PROFITS !!

Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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