OMG/BTC starting to breakout on daily chart. Watching for first dip to load shares maybe the .0022-.23 area could be a multi day runner
OMGBTC breaking out of nice triangle. Quite an easy trade.
- We need to pass through the arc and get above the strong resistance around 0.00215. If we stay above the blue 1x1 things will go well - If the price can't break through we'll go back down and test the arc again -
OMGBTC bull flagging before uptrend continuation and potential break out. Good time to enter. Target as described. GL!
Breaking the triangle and showing good strength.
Observing the past performance, when RSI went above the red line, nice gains were made.
Wait for a break out before buying. If it breaks down, then we will look for a decline to the 61.8 fibs level along with a double bottom to buy. If price breaks up, we will buy it up to the 1.414 fibs extension level and monitor if it will continue climbing. Trade with care.
Keep an eye on OMG/BTC this week to see which way it breaks the pennant for a nice trade.
A week after our last analysis, OMGBTC pair, is still in range and overbought, however, rising triangle still formed, with possible entry levels on the chart. A break bellow triangle should trigger Stop-loss and could lead to next resisatance zone near 0.00129 IMO, it is more likely a break bellow support rather than a break over resistance because of RSI...
Clear break and hold of the upper trend line. Daily candle looks good as well. Added to position.
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...
Great bull flag over several days, next two days will provide solid consolidation. Price will have no choice but to go up or down, and given the nature of OMG itself, the recent price trends and the tech behind it, I see it going nowhere but up. My entry would be around .00019600 for the next 12 hours or so, anything less would be a bit ambitious. Scale...
OmiseGO _ OMG/BTC - Decision Time! SHOULD NOT BREAK THE TRIANGLE!