qedbeech

OMG USD shorter time frame

qedbeech Updated   
BITFINEX:OMGUSD   OmiseGo
Use this to help inform your trades.

Not a trading advice - just providing info so you can make your own trade decisions...

OMG rose too quickly. expecting a pull back.

The length of the black arrows are the same. after the pullback expecting the rise to extend to at least the length of the black arrow.

Please comment with any questions.
Comment:
upward breakout is also possible but the probability is smaller - I would set alarms and trade accordingly as the market unfolds.
Comment:
Broke the lower edge of a rising wedge.
Comment:
Correction started - now watching for entry points.
Comment:
In the entry zone, looking for reversal signals before buying.

If you have FOMO just buy a small portion...
Comment:
On the verge of breaking support. be careful out there.
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.