BITFINEX:OMGUSD OMG Flag pattern formed on 30 min chart, breakout expected potential upside as RSI is bullish :)
Disclaimer: For education purpose only consult your financial advisor before investing
Omnisego/Dollar - 9.75 cmp
Target - 10.5 plus
Stop - 9.80
1) Nice double bottom setup.
2) Price above 200 ema and 30 ema with both sloping upwards.
3) Double bottom neckline cross observed leading to a formation of HH and HL pattern.
In the daily chart an ascending triangle pattern is visible. The price is on the verge of break out. It has accumulated and now is in the middle of a minor correction before most likely breaking out.
MACD hasn't confirmed the uptrend yet, but RSI indicates lot of room for buyers.
That said, my trade setup for now would be slightly conservative,
I'd prefer to go...
OmiseGo is fundamentally good coin.After yesterdays bitcoin rally and alt coins fall , looks like reversal is started.
One can take a long position with SL just below yesterdays low.
45 days EMA and 14 days EMA along with stoch are indicating reversal.
With Ethereum hardfork on 17th Oct , all ethereum based alt coins are bound to rise fundamentally and omisego is...
