Time Frame: 4H
Pair: OMGBTC
According to my eyes and what I can see from this chart, I can see that a inverse head and shoulder has been formed but also a cup and handle (Does it need to be round? Don't think so). RSI is around 60 so there is still room for bullishness. On the other hand, MACD seems to be undecided whether it wants to go up or down. Break and close above the dotted green line would indicate bullish movement, possible to our green exclamation mark but be aware of the yellow exclamation mark. Between yellow and green exclamation mark, a pullback may happen. You could go long now with a stop loss around 165k Satoshi (0.00165) but this would be considered aggresive. Lower stop loss area would be around the dotted red line. Good luck.
Pair: OMGBTC
According to my eyes and what I can see from this chart, I can see that a inverse head and shoulder has been formed but also a cup and handle (Does it need to be round? Don't think so). RSI is around 60 so there is still room for bullishness. On the other hand, MACD seems to be undecided whether it wants to go up or down. Break and close above the dotted green line would indicate bullish movement, possible to our green exclamation mark but be aware of the yellow exclamation mark. Between yellow and green exclamation mark, a pullback may happen. You could go long now with a stop loss around 165k Satoshi (0.00165) but this would be considered aggresive. Lower stop loss area would be around the dotted red line. Good luck.
Comment:
Still on-going!
Trade closed manually:
The price will test the 200 EMA support ~. The price got rejected near the 0.618 fibonacchi. The price is just below the trend channel and could indicate a fake breakout downwards. Only time will tell if we can move back in. Anyways, I don't see any opportunity until the price closes above the bottom of trend channel (inside). Aggresive traders would buy in if they can see support at 200 EMA ~. Do at your own risk.