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.
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What you have highlighted isn't really a bearish divergence though. Only between the first two peaks, otherwise its in line with the fact that the highs have been declining (lower highs matched in the RSI)
WaineNZeddmo
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@mrnav, Thank you for your comment. Take a look at PVT. It is also coming down. However, market has the final call, lets see what happens.
mrnav
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@WaineNZeddmo, yeh I don't doubt the market is going down, RSI is definitely weakening and MACD crossing over on the 1D chart too. Just not a divergence on RSI, I'm trying to get better at spotting them too!