OMG seems to be bouncing from the lower trendine. If there is enough power behind this bounce, we might break through the blue trendline immediatly, but I think a retest of the trendline is more reasonable. That would be an optimal entry point I think, before OMG breaks througha nd goes for a next leg.
Commento:
Setup still valid. OMG is constantly testing the lower trendline (is drawn horizontal now) and the upper trendline.
Trade attivo:
Also noticing this major bullish divergence on the RSI. If the RSI breaks the blue upper trendline, that would confirm a breakout I think.
Commento:
Trade chiuso: stop raggiunto:
OMG tried repeatedly to break the blue trendline, but failed each time and in the end I got stopped out during btc bull run.
