2H51 trade ideas
OcugenStill watching this. I entered a swing at 7.55) stop for my risk ratio is at 7.47$. Could go lower if Course. Volume is picking up and waiting on FDa approval news. Seems to be broken from a falling wedge that has a target of upper resiatnce of larger pattern 8.30$. We need to break 8.30 and hold above for a next resiatnce of 11.60$
200 ema
On 4hour and 100 ema on daily is at 8.01$
I am anticipating a breakout however markets are scary right now so it could fail.
So far this ascending triangle we have had a few breakouts of but couldn’t confirm support is around 7.74. We need to close some candles above here which would help its bullish case even more. Hope this all helps.
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OcugenLooking at the chart we can see a large descending triangle. Our low support is around 6.10
As of
Now I had an ascending traingle drawn however it’s not that clean and could be more of a rising wedge.
If we broke down however, our target lands around 5.61$ which could be a break of this triangle. We have to expect if we broke down that 6.10 could hold as support.
Now as of right now, we have killer support between 6.99$- 7.05$
We have to be cautious as this could result in a big move down, however if we could breakout of the larger pattern I am spotting, a safer bet or entry would be around 8.40
Play at your own risk
Support 7.05
6.10
5.61
Resiatnce
7.77
8.06
8.11
OCGN next movementsWe arribe to the final countdown and go up... If the news are good the movement will be bullish.
I show you my prediction lines:
Blue -> Hard Resistance that if overcome will become hard support.
Red -> Resistance that if overcome will become support.
Orange -> Bearish trend that we broke days ago and that we do not want to see any more.
Good luck to all!