Long
Inverse H&S Forming
It looks like an inverse head and shoulders pattern is forming for OMG/BTC. We need to close above the neck line which could bring OMG to the target shown.
Note
OMG struggled to break neckline but is making a quick recovery. Projection still stands although it may take a bit longer to reach the measured objective. Note
falling wedge updateTrade closed manually
OMG totally broke down. Still bullish on this project overall but we need to see how this plays out over the next few days before re entering.
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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.