Short
Possible Double Top for OMG Network? We will see..
Is this a right doubletop on the hourly chart? Or will OMG Network will continue to rise? We all know OMG went from 2 to about 9 in august in days/week (the rally's can be strong, especially with news). It went from about 2.5 to 4.3 within a week now (like in august, but now there's no news indication).
At the end of the double top pattern -> Up/down/sidewards depends here on btc and/or news.
Is my idea valid? Would like to hear, and we will see today/tomorrow what will be the result. Possibly can go to 3.3-3.5 in the next 2 days.. The RSI on the daily is not oversold or overly high, a higher high is possible.
(This is one of my favorite coins in crypto, I expect it to go higher in the next years).
At the end of the double top pattern -> Up/down/sidewards depends here on btc and/or news.
Is my idea valid? Would like to hear, and we will see today/tomorrow what will be the result. Possibly can go to 3.3-3.5 in the next 2 days.. The RSI on the daily is not oversold or overly high, a higher high is possible.
(This is one of my favorite coins in crypto, I expect it to go higher in the next years).
Note
Took 4 days to hit 3.5.. Let's see.Note
I see possible HAMMER on daily candles, and head and shoulder pattern. Looking more bullish at the moment, the 3.3 - 3.4 range seems not possible soon. Would not recommend to short at the moment. I see my chart as invalid now.Note
Seems like it hit 3.3, about 7 days after my chart.
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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.