TradingView
Cryptocosh
Apr 17, 2018 7:04 AM

OMGUSD@Bitfinex possible InvH&S Short

OmiseGo / DollarBitfinex

Description


Following MagicPoopCannon i'm trying now to find different H&S or inverted H&S patterns in crypto.
This time let's look at OmiseGo to USD pair @bitfinex.
Zoomed in to 30min chart i think there is a possibility, that another shoulder could form.
Not a trade advice. 4 education only.

Comment

Looks like OMG gone flat between EMA50 and MA20.
If OMG finds strong support on EMA50, we could see our invH&S pattern finished.
Otherwise breakdown could happen.

Trade active


inv H&S was not complete. We have a bear flag instead.
Let us wait until it breaks to the up/down side.
More