OMISEGO BULLISH?OMGISEGO
OMG/BTC
Omisego looking bullish.
- RSI @ 53, neutral but becoming oversold.
- MACD trending well, last crossed on Feb. 6th, and continuing in new trend nicely.
- Bollinger Bands have narrowed indicating a sideways trend may have formed for the time being. BUT they also seem to beginning to widen again, indicating another outbreak imminent, and with a current upwards price movement so far, the outbreak may very well be a bullish one.
- Watch the Fib Retracement levels, if we can move upward past 0.5, expect further bullish movements.
- Is continuing in recently formed upper price channel.
- A beautiful reverse H&S seems to have completed, now awaiting outbreak.
- Yellow lines forming ascending triangle.
-Overall downward trend has reversed, but will trend reversal continue? That really all depends on what Bitcoin does.
