Long
OMG/BTC analysis trade entry 200%
Enter the trade if the price breaks solidly above the upper orange trendline. Small bounce so far off 0.5 fibonacci level.
Stochasic RSI and MACD indicators both lined up on the 4hr timeframe. The purple zone is a zone of resistance.
Next target major is 0.00017300 (and beyond)
Price might be rejected at upper blue trend line.
Otherwise follow the red arrow and watch for a bounce on 0.00009830 fibonacci level 0.618, enter after that if solidly bounces off and out of trend pattern. stop loss in that case is .9630
Trying to get 10 reputation. Doing this for my own educational and learning purposes but I do believe in it.
Stochasic RSI and MACD indicators both lined up on the 4hr timeframe. The purple zone is a zone of resistance.
Next target major is 0.00017300 (and beyond)
Price might be rejected at upper blue trend line.
Otherwise follow the red arrow and watch for a bounce on 0.00009830 fibonacci level 0.618, enter after that if solidly bounces off and out of trend pattern. stop loss in that case is .9630
Trying to get 10 reputation. Doing this for my own educational and learning purposes but I do believe in it.
Trade active
enterTrade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.