Long

Simple Bull Div 4hr, Daily RSI oversold. Reversal soon?

Updated

Very simple idea here guys/gals. The dump has been endless, the daily RSI now nearing as oversold as it has ever been for OHM. We have a nice bullish divergence setting up on the 4HR RSI (Lower low in price, higher low on the oscillater). We need volume, a lot of volume to get back up. After many failed attempts at reversing I think it's inevitable that will happen, it's just a matter of when given the solid funamendals of this project. *My opinion of course* Enjoy, hope this gives some people a little hopium :)

Note

*Invalid if RSI breaks 24.4, price breaks 450 support*

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We have also had a large volume spike over the last few days, similar to 26/27 October, which marked the start of a long down trend

Note

Also should have added a descending resistance line on this chart from the peak @0800 on the 5th, joining the next few peaks down. This would draw a nice falling wedge, which can be a reversal signal to the upside given the right environment.

garrethdavis123

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