$JSEOMN - Omnia: 5186 Under Pressure, Will It Hold?
See link below for previous analysis.
Price has pulled back sharply after reaching 6655 cps.
The invalidation level of the bullish outlook at 5186 is under pressure but still holding.
What is a positive sign of a potential reversal is the reverse (hidden) divergence as the MACD has made a new low relative to the 2023 low but price has not.
I am neutral-to-bullish and will become more bullish once price pushes beyond 6000 cps without first breaking below 5186.
Price has pulled back sharply after reaching 6655 cps.
The invalidation level of the bullish outlook at 5186 is under pressure but still holding.
What is a positive sign of a potential reversal is the reverse (hidden) divergence as the MACD has made a new low relative to the 2023 low but price has not.
I am neutral-to-bullish and will become more bullish once price pushes beyond 6000 cps without first breaking below 5186.
