Cryptoland in consolidation after the sharp move higher

Ο χορός του Χρηματιστηρίου
May 1, 2018
Τα κρίσιμα σημεία
May 2, 2018

All 4 major cryptocurrencies we  started monitoring back in December are now consolidating near their recent highs. Many bullish flag patterns are seen after important trend line breakouts. Usually such patterns break to the upside since their last trend was bullish. The consolidation helps us define some price levels that will define if we have a breakout (continuation of the previous trend) or a break down.







So traders be careful, something big is coming in cryptoland and  most probably to the upside. Stay with your trading strategy and exit plan in case things do not go your way. Thank you for taking the time to catch up on my thinking.

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.