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 end of the triangle. Fundamentally I still think everyone is very bullish on OMG, lots of hype, recent pics with Vitalik, rumours and news on the horizon.
Volume is still a little low and I expect more to come in as it nears the end of the triangle. Fundamentally I still think everyone is very bullish on OMG, lots of hype, recent pics with Vitalik, rumours and news on the horizon.
Comment:
Still finding good support at the fib, looks like volume is starting to pick up too which is a great sign.
Comment:
We've got volume and movement, will it break the triangle?
Comment:
We've had a close outside the triangle on the hourly candles. Highs seem to be respecting the fib so far.
Comment:
This second break looks like it will exist on the larger time scales too.
Trade closed: target reached