So typically this means a complete price break down and sell to stop the bleeding. But with market sentiment at near all time highs and BTC on a tear, I like to think outside the box. To me this is a major buy signal. If you are on the sidelines and have been waiting to get in, any buy in the next 10 hours before asian markets close and the weekend CME traders start funneling in would be a decent time. Obviously this is not trade advice and all investments must be treated with care and caution, but you don't get broken down bull flags like this often during a bull run. It would not surprise me if Ethereum hit all time highs this weekend. If you want to wait for a lower price target break down to get in, we think that may be coming before an all time high or shortly after, but don't sleep on it too long as ETH is know for very volatile price movements. We will keep charting to show you different signals!! Happy Trading!!!
