souldrake
Long

OMG hitting critical resistance with high chance of breaking out

BITFINEX:OMGUSD   OmiseGo / Dollar
Fundamentals
1. Collaboration with DAO forming an alliance with MakerDAO which will improve and ensure the future decentralization.
2. Significantly, OMG cryptocurrency is built on Ethereum             blockchain and achieves the highest scalability levels while at the same time enabling transparent peer-to-peer transactions that are fast (real-time) and secure. The decentralization feature is developed in a way that it can facilitate global sovereignty of every individual.
3. Overall the bitcoin             market is in a highly probable sustainable recovery, with market expecting big investment houses to give the crypto market a boost.

Technicals
1. Hitting the major trend line , within next few hours we should know if the price is able to break through the major resistance.
2. Rising RIS and MACD . RSI not as over bought as compared to last night.
3. TP:15.5
SL:12.5
4. Executed half trade size at 13.33.
*Conservative traders can wait for a clearer break above trend line before executing.
Comment: BREAK OUT OF RESISTANCE :) Added another half size in and lets see where this baby go.
Trade closed: target reached
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