OMG to break triangle in coming days
Updated
MACD is has crossed over bullish, price action is coming towards the end of the triangle, RSI is currently in the mid range and strong support at the 0.382 fib. I see this dropping slightly again after price tests the top of the triangle once more but pretty confident it will break bullish.
Volume is still a little low and I expect more to come in as it nears the end of the triangle. Fundamentally I still think everyone is very bullish on OMG, lots of hype, recent pics with Vitalik, rumours and news on the horizon.
Volume is still a little low and I expect more to come in as it nears the end of the triangle. Fundamentally I still think everyone is very bullish on OMG, lots of hype, recent pics with Vitalik, rumours and news on the horizon.
Note
Still finding good support at the fib, looks like volume is starting to pick up too which is a great sign.Note
We've got volume and movement, will it break the triangle?Note
We've had a close outside the triangle on the hourly candles. Highs seem to be respecting the fib so far.Note
This second break looks like it will exist on the larger time scales too.Trade closed: target reached
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