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Tolberti
Aug 5, 2022 2:00 PM

OG Fan Token! 2020 trendline is breaking out! Head and Shoulders Long

OG / TetherUSBinance

Description

  • OG looks very promising on the daily/weekly chart!
  • As you can see, the main trendline (falling wedge) has been destroyed by the bulls, and currently the price is forming an inverse head and shoulders pattern.
  • We can also spot a descending triangle from 2020–2022. The price went below the triangle, but immediately pumped back up, which is a pretty solid sign of strength.
  • The ABC correction has been completed and I think we can retest the previous all-time high or at least a previous swing high.
  • If we take a look at the volume indicator, we can see a massive bullish spike, which is another great sign of strength.
  • Look at my ideas about interesting altcoins in the related section down below.
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Comments
ArmanShabanTrading
I agree with you 👍🏼 I always appreciate your TA in Crypto Market 👏🏼 Please keep up the good work
Tolberti
@ArmanShabanTrading, Thank you so much!
muhammadalizuberi
What is resistance area bro
Tolberti
@muhammadalizuberi, You can see resistances on the chart. My profit targets.
aliyashah
Now whats ur view on this
Tolberti
@aliyashah, Bullish.
Serana2324
Good idea
Tolberti
@Serana2324, Thank you!
rizal777cuan
i hope bounce above 7.49
Tolberti
@confidentMagpi78349, Yes, I hope so too!
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