Trade Idea: BANCA Token/ETH (BANCAETH)

May 17, 2018 4:44 AM ET
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PAIR: BANCAETH

The BULLISH FLAG PATTERN(LOOSE PATTERN)(check previous charts on flag patterns for more details)

Flags appear as small rectangles usually tilted against the prevailing price trend and mounted at the end of a flagpole. If you don't have a straight-line price run (the flagpole), then you don't have a flag.
The best performing flags have a long, near vertical flagpole.
Price trend Can be any direction leading to the chart pattern, The shape Looks like a small rectangle often tilted against the prevailing price trend.
Prices move between two parallel, or near parallel, trendlines.The flagpole which leads to the flag should be unusually steep and last some days.
Volume trend Downward trend 71% of the time and Breakout Upward 54% of the time.

Price is loose inside the flag and not much strong support level is being held( trade with caution)

VERDICT:

BUY: 0.00000583sats(ETH)

SELL: 0.00000682sats(ETH)

STOP LOSS: 0.00000476sats(ETH)

Exchange: idex.market

Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

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