Yesterday I showed my Fib retracement of the #EDG / #BTC chart, and explained why I thought that #Edgeless might continue to go up, and why I bought again.
See yesterday's post about this here: https://steemit.com/edg/@bertuseng/buy-signal-for-edg-btc-more-money-to-be-made-today
One day, later and as you can see in the chart below, it did touch the Fib support line a few times, and even broke through the .382 line, which had me worried for a bit. But I stuck to my guns and waited it out, and surely enough, EDG took off again, and broke through the top resistance line, for new highs.
This meant a sell signal for me, to take my profits at 31000 sats.
Question is now - does this count as a FLAG that is forming, and is there a possibility that it would increase its upwards trend after this flag structure?
What do you TA experts say?
Great article
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