Get started
spectertrading

[BUY SIGNAL - 15:1 RISK REWARD ] OmiseGO/BTC Ascending Triangle

Long
OmiseGo / Bitcoin (BITFINEX:OMGBTC)  
spectertrading  
BITFINEX:OMGBTC   OmiseGo / Bitcoin
Trend Analysis Chart Patterns Beyond Technical Analysis Cryptocurrency crypto cryptotrading cryptotrader cryptocurrrency cryptotutor cryptocoin cryptocurrencies cryptotrade
5
5
trendanalysis chartpattern beyondta cryptocurrency crypto cryptotrading cryptotrader cryptocurrrency cryptotutor cryptocoin cryptocurrencies cryptotrade
The pattern is formed backed by a strong up trend(short, middle and long term), plus the rumors about china ban are being "cleansed" and the whole market is stabilizing and ready to go back to it's strong up trend. Also the ATR shows a good chance of a sudden and strong movement - so a good risk:reward can be achieved in a rather safe trade judging on how loose you go in your buy zone.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.