$OMG, Trend Confirmation….

BITTREX:OMGBTC   OmiseGO / Bitcoin
Looking at our trend timeframe we see price is currently testing our weekly trendline , stochastic rsi showing momentum has nearly bottomed out and we should start seeing reversal candles form on our smaller timeframes.

Shifting over to our pattern timeframe we see price respecting our descending wedge pattern, stochastic rsi showing possible lower high forming. A daily close above our wedge and we should expect OMG to run, however if we close below 105500 expect OMG to continue to our 60000 support level .

Finally looking over at our trigger timeframe we see price has been consolidating between 108750 and 106300, a 4hour close above/below either of these levels indicates our next direction. Stochastic RSI showing momentum is starting to head towards the upside.

Related Ideas


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out