Long
OMGBTC Breakout from falling wedge
Looks like price is making an attempt to break out from a falling wedge pattern. Odds are great given the following:
- Daily RSI bullish divergence
- Weekly RSI bullish divergence
- Money flow divergence suggesting accumulation while price was going down.
- KST nearing a bullish crossover and bullish KST divergence.
- OBV confirming volume spike, giving credibility to breakout.
- MacD divergence and trending up on higher timeframes.
- Squeeze momentum about to burst up.
- Break of falling wedge resistance.
Majority of the indicators are signaling a big breakout.
- Daily RSI bullish divergence
- Weekly RSI bullish divergence
- Money flow divergence suggesting accumulation while price was going down.
- KST nearing a bullish crossover and bullish KST divergence.
- OBV confirming volume spike, giving credibility to breakout.
- MacD divergence and trending up on higher timeframes.
- Squeeze momentum about to burst up.
- Break of falling wedge resistance.
Majority of the indicators are signaling a big breakout.
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