WaineNZeddmo

OMGBTC 4H CHART OMG MARKET CONDITIONS

WaineNZeddmo Updated   
BITFINEX:OMGBTC   OmiseGo / Bitcoin
A week after our last analysis, OMGBTC pair, is still in range and overbought, however, rising triangle still formed, with possible entry levels on the chart.

A break bellow triangle should trigger Stop-loss and could lead to next resisatance zone near 0.00129

IMO, it is more likely a break bellow support rather than a break over resistance because of RSI bearish divergence. Market will tell.

WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
Comment:
Market currently in range
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.