OMG 4H Falling Wedge (22.10.2017)

Updated

Any break above the resistance line could prove to be a bull run. Otherwise, put buys near the bottom of the support line.

Note

broke through the resistance last night/early morning (23.10.2017 UTC) and went up against the 2nd resistance line before trending back down. It now has a narrow trading band between the former resistance line and the new one. My hunch is the new support line will be a bit above the old support line. Any news catalysts from OmiseGo or a squeeze on BTC could cause to break the new resistance line. — Suggestion: Slowly accumulate with soft stop-limit orders.

Note

Looks like hit a bit below my predicted support line and bounced back up.

Kermee

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