Short

OMGUSD@Bitfinex possible InvH&S

Updated

Following MagicPoopCannon i'm trying now to find different H&S or inverted H&S patterns in crypto.
This time let's look at OmiseGo to USD pair @Bitfinex.
Zoomed in to 30min chart i think there is a possibility, that another shoulder could form.
Not a trade advice. 4 education only.

Note

Looks like OMG gone flat between EMA50 and MA20.
If OMG finds strong support on EMA50, we could see our invH&S pattern finished.
Otherwise breakdown could happen.

Trade active

inv H&S was not complete. We have a bear flag instead.
Let us wait until it breaks to the up/down side.

Cryptocosh

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.