We got a LONG signal on OMGUSD
Seems like the 21 and 50 2D SMAs are holding price action at this stage
Possible targets and stop loss on the chart
If you are interested in using SwingBot on your own charts to receive your own signals, send me a message for a 14 day free trial
OmiseGo / USD Short-term price analysis
OmiseGo has a bullish short-term bias, with the cryptocurrency recovering back above its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing that a complex head and shoulders pattern is building, with the bearish pattern warning of a much stronger downside move to come.
We have received a SHORT from SwingBot on OMGUSD, but because there is support close to this level as well as the 21SMA and 50SMA, I would only lock in some profits here and add to my position once we get a LONG again
If you are interested in using SwingBot on your own charts and time frames to receive your own signals, send me a message for a free trial
Omisego is another fundamentally sound alt that has recently had a golden cross on the daily chart..it is now above the neckline of its adam and eve double bottom pattern too and looks ready to have a bullish breakout.