Do we have a Huge flag here? At an important S/R???

Jul 24, 2017

So, here's what I see:

Price is forming lower highs and higher lows. In stocks this is usually a good sign for a breakout to the top. Since I am quite new to cryptos, I'd like to hear what you guys think?

If everything goes as I would read from the chart, then price will soon rocket away with one big push.

For education, I'd be glad to hear your opinions about this analysis! Help me out!

I will enter a small long position here, while price keeps consolidating.

Thank you for your support!

Jul 25, 2017

Note

looks like all of us were wrong =)

good thing I did not go in on this one.

It sure looked like a breakout with the flagpole and all that, but after all, we are still in a downtrend, so what happened was only logical...

I know, everybody is smarter afterwards...

I will keep watching this one.