GerryB

ETH - Possible bull flag

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KRAKEN:ETHUSD   Ethereum
Eth seems to be in a possible bull flag currently drifting downwards. Using the Heiken Ashi along with the Trend Exhaustion and Price vs Money flow I am quit confident that we will see a further, although short, downtrend. The Whale vs Price indicator must be below the price for money to flow into a long position and the Trend lower or touching the red bottom zone. I however do not expect this trend to last very long thus keeping a close eye on the trend and money flow. Trailing BTC which is in a somewhat similar position a sudden inflow of long money can be expected as both coins have favorable indicators in the longer term I will long my position when the money flow is below the price and the trend below neutral or touching the red zone below.

Not financial advise.

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