velmunis

OMGUSD 30% Jump was a easy move for this crypto

Long
velmunis Updated   
COINBASE:OMGUSD   None
OMGUSD
Recently formed a bigger falling wedge pattern which shows earlier sign of the bullish breakout in OMGUSD and the break and retest was happened around the start of the new trading week of 2021.
After that this crypto currency was in bullish trend and i am expecting OMGUSD might reach the 5.1940 level which is a previous high level and 4.4600 December high would act as intermediate resistance
point of control was laying around 3.2363 level Currently .618 Fibonacci is acting as resistance and .50 Fibonacci around 3.5979 would be a decent support for the bull
Trade closed: stop reached

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.