PMtrading20

OMG rsi divergence

Long
PMtrading20 Updated   
BINANCE:OMGBTC   None
OMGBTC looks poised for a bounce. very nice RSI divergence on 4hr chart, as well as a slight divergence on the daily chart.

It also just recently broke out of that down-trending channel.

Profit potential ranges anywhere from 12% (recent high from earlier today) all the way up to 62%

**Those are from CURRENT price levels around 1200ish...NOT from low 1100 lows
Comment:
first target of 1350ish hit (12%). Looking good. Held 1300 very nicely on that latest pullback now climbing again.
Comment:
next retrace level at 1450ish hit; along with nice pullback to the previous retrace level at 1329 (didnt quite touch it...low for moment on this pullback is 1335, but close enough for me)

i jumped back in here again in mid 13s
Comment:
All targets hit. Nice

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.