OpenBlock
Short

Take Caution with Odyssey

BITTREX:OCNUSD   None
The Odyssey token - ICN , has been one of the best performance in the recent market. Since 9th of September price went up from $0.003 up to $0.005 in just one week time. This has resulted in a Odyssey gain of over 75% over the USD.

But it is obvious that the resistance is now at $0.005, where price has formed a double top . In addition, downtrend trendline has been rejected, along with the upper trendline of the ascending channel .

This makes $0.005 a very strong resistance level , which being rejected suggests the potential correction down. Price might retrace towards the 200 Moving Average area or even all the way down to the uptrend trendline .

However, watch the resistance breakout as this should indicate strong bullish momentum for the ONC /USD, where x2 growth potential will become highly probable. 
Comment: resistance broken... moon

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go, Go, GO!
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mindboxed mindboxed
@mindboxed, @OpenBlock Load new bars... WOW.
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Love technicals
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